Spot Ethereum ETFs Attract Massive Investments, Shifting Market Sentiments

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.