Spot Ether ETFs attract $533M, extend 13-day inflow streak to over $4B

Spot Ethereum ETFs notch $533 million in daily inflows, pushing all-time inflows to $8.3 billion amid rising institutional demand.

Spot Ether exchange-traded funds (ETFs) continued their bullish momentum on Tuesday, recording a net inflow of $533.87 million and extending their streak to 13 consecutive trading days of inflows, according to data from SoSoValue.

BlackRock’s iShares Ethereum Trust (ETHA) led the surge with $426.22 million in daily net inflow. The fund now holds over $10 billion in assets, commanding the largest share of the Ether (ETH) ETF market. Fidelity’s FETH followed with $35 million in inflows.

Spot Ether ETF inflows have been driven by falling BTC dominance and growing institutional appetite for ETH exposure. As liquidity deepens and macro conditions hold, this demand trend is likely to endure,” Vincent Liu, chief investment officer at Kronos Research, told Cointelegraph.

Read more

Source Link

Share with your friends!

Products You May Like

Leave a Reply

Your email address will not be published. Required fields are marked *