Fidelity just bought over $25 million of this crypto
2025-07-01 11:10:38
Main Idea
Fidelity's Ethereum ETF (FETH) recorded significant inflows, with $25.7 million on June 30 and $28.9 million on June 27, totaling $1.69 billion in net inflows, while BlackRock's ETH ETF also saw substantial investments.
Key Points
1. Fidelity's Ethereum ETF (FETH) recorded a $25.7 million daily inflow on June 30, purchasing 10,283.08 ETH.
2. This follows a $28.9 million purchase on June 27, bringing Fidelity's total net inflows to $1.69 billion.
3. BlackRock added $6.1 million to its ETHA ETF on June 30, after a $48.1 million purchase on June 27, totaling $5.52 billion in inflows.
4. Ethereum's price was $2,457, up 1.8% over the past week.
5. The inflows reflect aggressive accumulation by major asset managers like Fidelity and BlackRock.
Description
Traditional finance continues to pour capital into crypto, with Fidelity’s Ethereum ETF (FETH) recording a $25.7 million daily inflow on June 30, according to data from Farside Investors. The purchase of 10,283.08 ETH follows a $28.9 million purchase on June 27, meaning Fidelity’s Ethereum ETF has received $1.69 billion in net inflows so far across its spot ETF product. Ethereum ETF inflows. Source: Farside Investors Institutional momentum builds These back-to-back inflows mark one of Fidelity’s...
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