Ethereum ETFs See Significant Daily Inflows
Main Idea
Spot Ethereum ETFs in the U.S. saw significant daily inflows, with BlackRock's ETHA leading at $500.9 million, while Bitcoin ETFs recorded comparatively lower inflows.
Key Points
1. Spot Ethereum ETFs in the U.S. recorded $729.1 million in inflows on a notable Wednesday, with BlackRock's ETHA contributing $500.9 million and Fidelity's FETH adding $154.7 million.
2. Ethereum's price rose 3.44% in 24 hours, trading at $4,772, amid strong demand for Ethereum ETFs, following record inflows earlier in the week.
3. Six out of nine spot Ethereum ETFs saw net inflows on Wednesday, driven by institutional purchases, ETF flows, and evolving U.S. stablecoin policies.
4. Spot Bitcoin ETFs recorded a net inflow of $86.9 million on the same day, showing relatively muted interest compared to Ethereum ETFs, though inflows remained consistent earlier in the week.
5. Bitcoin's price increased by 2.8% in 24 hours, trading at $121,861, after reaching a historical high of $124,457.
Description
U.S. spot Ethereum ETFs reported second-highest inflow of $729.1 million Wednesday. Continue Reading: Ethereum ETFs See Significant Daily Inflows The post Ethereum ETFs See Significant Daily Inflows appeared first on COINTURK NEWS .
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