Demand for Ethereum Spot ETFs Hit Fever Pitch Int

Demand for Ethereum Spot ETFs Hit Fever Pitch

Interestingly, the Ethereum investment products had been on an 8-day streak before yesterday’s massive inflows. They not only extended the streak but also beat their former daily record of $428 million on December 5, setting a new milestone.

The US Ethereum spot ETFs brought in $726 million on Wednesday, led by the BlackRock iShares Ethereum Trust (ETHA). The investment vehicle recorded a daily inflow of $499 million, bringing its cumulative net inflow to $7.11 billion.

Meanwhile, the Fidelity Ethereum Fund (FETH) raked in the second-largest inflows on July 16, bringing in $113 million. It now has a net cumulative inflow of $1.98 billion, falling short of ETHA’s by a considerable margin but also maintaining a healthy lead over other products.Other funds, such as the Grayscale Ethereum Trust (ETHE), the Grayscale Mini Trust (ETH), and the Bitwise Ethereum ETF (ETHW), recorded substantial inflows of $54 million, $33 million, and $14.5 million, respectively, in what was an overall positive performance