On November 23rd, data sourced from Farside Investors and the Bloomberg Terminal revealed noteworthy net inflows into the U.S. Ethereum spot ETF, totaling $92.3 million. This increase signals a positive shift in investor sentiment regarding Ethereum. The breakdown of inflows includes significant contributions from major players: BlackRock’s ETHA attracted +$100.7 million, showing strong demand, while Fidelity’s FETH and Bitwise ETHW saw increases of +$5.8 million and +$5.0 million, respectively. Conversely, Grayscale’s ETHE reported a decrease of -$18.6 million, alongside a slight decline of -$0.6 million in Grayscale Ethereum Trust. Such dynamics highlight the evolving landscape of institutional investment in Ethereum and underline the critical role of ETFs in enhancing liquidity and accessibility in the cryptocurrency market.
Source: https://en.coinotag.com/breakingnews/ethereum-spot-etf-sees-massive-92-3-million-net-inflows-led-by-blackrock-and-fidelity/