US spot Ethereum ETFs see $57.11 million in net inflows…institutional demand builds

Source
YM Lee

Summary

  • The US spot Ethereum ETF market saw about $57.11 million in net inflows over a single day.
  • BlackRock’s ETHA, Fidelity’s FETH, and Grayscale Ethereum Mini Trust each attracted inflows totaling tens of millions of dollars.
  • Analysts say institutional inflows into major ETFs are persisting as Ethereum trades around $2,000.

Forecast Trend Report by Period

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Photo=Trader T
Photo=Trader T

US spot Ethereum (ETH) exchange-traded funds (ETFs) recorded net inflows of about $57.11 million over a single day.

According to data compiled by Trader T, total net inflows into spot Ethereum ETFs amounted to $57.11 million on the 11th (local time).

BlackRock’s iShares Ethereum Trust (ETHA) drew $18.90 million, while Fidelity Ethereum Fund (FETH) took in $19.13 million. Grayscale Ethereum Mini Trust (ETH) also posted net inflows of $19.08 million.

No inflows or outflows were recorded for Bitwise’s ETHW, 21Shares’ TETH, Invesco QETH, Franklin EZET, VanEck ETHV, or Grayscale Ethereum Trust (ETHE).

Market participants say that with Ethereum prices continuing to fluctuate around $2,000, institutional money has been flowing into the major ETFs.

YM Lee

YM Lee

20min@bloomingbit.ioCrypto Chatterbox_ tlg@Bloomingbit_YMLEE
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