B4Bit
06/24 15:03
Ethereum ETFs surpass $4 billion in inflows
Ethereum ETFs surpass $4 billion in inflows
Ethereum investment products are experiencing a new wave of interest, with US-listed spot ETFs attracting over $100 million in a day.
Leading the charge was Fidelity, which outpaced other issuers by adding over 27,000 ETH worth about $60.5 million to its holdings. The boost helped push total inflows for U.S. Ethereum ETFs to over $4 billion, despite recent volatility in the broader crypto market.
Fidelity’s aggressive accumulation even surpassed inflows into BlackRock’s ETF on the same day, highlighting growing institutional interest in the leading altcoin despite ongoing macroeconomic uncertainty.
Analysts see this trend as part of a larger nine-week series of investments focused on ETH, with over $2.2 billion added since the start of the rally – the strongest such increase since 2021.
Ethereum’s price fell slightly at the beginning of the month, but has since recovered, gaining over 7% and crossing the $2,400 mark. Activity on the blockchain is also supporting this trend, with weekly creation of new wallets now approaching 1 million – significantly above last summer’s figures.
The combination of steady capital inflows, growing user activity, and a more favorable regulatory outlook could fuel Ethereum's renewed momentum.
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