Editor's PiCK

US Ethereum Spot ETF Sees Net Inflow of $298.06 Million

Source
Doohyun Hwang

Summary

  • The US Ethereum (ETH) spot ETF recorded a net inflow of $298.06 million in a single day.
  • This amount is about 80% of the net inflow of the Bitcoin spot ETF on the same day and marks an all-time high in trade volume.
  • There were also large-scale capital inflows into individual ETFs including Fidelity's 'FETH', BlackRock's 'ETHA', and Grayscale's 'ETH'.

The US Ethereum (ETH) spot exchange-traded fund (ETF) recorded an inflow of nearly $300 million in a single day.

According to TraderT on the 21st (local time), Ethereum spot ETFs traded in the United States saw a total net inflow of $298.06 million on that day. This amount is approximately 80% of the net inflow recorded by Bitcoin spot ETFs on the same day, and marks an all-time high in terms of trading volume.

By individual ETF, Fidelity’s 'FETH' attracted the most funds at $126.93 million, followed by BlackRock’s 'ETHA' at $102.7 million. Grayscale’s 'ETH' saw an inflow of $54.9 million.

In addition, Bitwise’s 'ETHW' recorded a net inflow of $13.15 million and 21Shares’ 'CETH' saw a net inflow of $370,000.

publisher img

Doohyun Hwang

cow5361@bloomingbit.ioKEEP CALM AND HODL🍀
What did you think of the article you just read?