Surge in Ethereum ETF Inflows Showcases Renewed Market Interest
Main Idea
U.S. spot Ethereum ETFs attracted significant net inflows of $639.6 million, marking the eighth consecutive day of positive gains, with BlackRock’s ETHA leading the charge.
Key Points
1. BlackRock’s ETHA led the inflows with $519.7 million, while Grayscale’s Ethereum Mini Trust and Fidelity’s FETH saw $60.7 million and $56.9 million, respectively.
2. Cumulative inflows over eight days reached $3.71 billion, highlighting strong market interest in Ethereum ETFs.
3. Ethereum’s price experienced a 2.03% decrease in 24 hours but saw an 18.95% weekly increase, trading at $4,655 at the time of reporting.
4. Spot Bitcoin ETFs recorded a net inflow of $230.9 million on the same day, lower than Ethereum ETFs but higher than the previous day’s figures.
Description
Spot Ethereum ETFs saw an inflow of $639.6 million on Thursday. Cumulative eight-day inflows reached $3.71 billion for Ethereum ETFs. Continue Reading: Surge in Ethereum ETF Inflows Showcases Renewed Market Interest The post Surge in Ethereum ETF Inflows Showcases Renewed Market Interest appeared first on COINTURK NEWS .
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