Spot Ether ETFs attract $533M, extend 13-day inflow streak to over $4B
Main Idea
Spot Ether ETFs have attracted $533 million in daily inflows, extending a 13-day streak to over $4 billion, driven by rising institutional demand and falling Bitcoin dominance.
Key Points
1. Spot Ether ETFs recorded a net inflow of $533.87 million, marking 13 consecutive days of inflows, with cumulative net inflows surpassing $8.32 billion.
2. BlackRock’s iShares Ethereum Trust (ETHA) led with $426.22 million in daily net inflow, now holding over $10 billion in assets.
3. Fidelity’s FETH followed with $35 million in inflows, as institutional demand for ETH exposure grows.
4. Ethereum ETFs saw record-breaking activity on July 16 with a $726.74 million daily inflow, the largest since their debut.
5. Spot Bitcoin ETFs posted a net outflow of $67.93 million, with Bitwise’s BITB and Ark’s ARKB seeing the largest withdrawals.
Description
Spot Ethereum ETFs notch $533 million in daily inflows, pushing all-time inflows to $8.3 billion amid rising institutional demand.
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