Spot Ethereum ETFs Attract Massive Investments, Shifting Market Sentiments
Main Idea
Spot Ethereum ETFs in the U.S. have seen significant investment inflows, with a six-day total reaching $2.33 billion, reflecting growing institutional interest and a positive market shift.
Key Points
1. Spot Ethereum ETFs received an additional net inflow of $523.9 million, following a record $1.02 billion inflow the previous day.
2. BlackRock’s ETHA led with $318.67 million, Fidelity’s FETH attracted $144.9 million, and Grayscale’s Mini Ether Trust captured $44.25 million.
3. The total net assets of these ETFs are $27.6 billion, representing about 4.8% of Ethereum’s market cap.
4. Nate Geraci noted that spot Ethereum ETFs were previously underestimated, with traditional investors now recognizing ETH as 'the backbone of future financial markets.'
5. Ethereum’s price rose 8.5% in 24 hours, trading at $4,667, nearing its November 2021 peak of $4,878.26.
Description
Spot Ethereum ETFs in the US saw a $523.9 million inflow on Tuesday. A six-day positive streak has brought total inflows to $2.33 billion. Continue Reading: Spot Ethereum ETFs Attract Massive Investments, Shifting Market Sentiments The post Spot Ethereum ETFs Attract Massive Investments, Shifting Market Sentiments appeared first on COINTURK NEWS .
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