U.S. spot Ethereum (ETH) Exchange-Traded Funds (ETFs) have achieved a significant milestone, surpassing $4 billion in cumulative net inflows as of Monday.
This impressive figure comes eleven months after their launch on July 23, 2024, according to data from Farside.
The ETH ETFs collectively added $100.7 million on June 23, marking their strongest daily inflows in a week.
This surge occurred despite ongoing concerns surrounding the geopolitical conflict in the Middle East, highlighting sustained investor confidence in the digital asset.
Fidelity’s FETH fund led Monday’s inflows, attracting a substantial $60.5 million. This performance outshone BlackRock’s ETHA fund, which typically dominates the market but brought in $25.8 million on the same day.
Grayscale’s ETHE and ETH products also contributed positively, adding $9 million and $5.4 million respectively. Other Ethereum-based funds recorded no flows for the day. This consistent inflow demonstrates a growing appetite among investors for regulated access to Ethereum.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/u-s-spot-ethereum-etfs-surpass-4-billion-in-cumulative-inflows/