According to COINOTAG News on June 6th, data from Farside Investors reveals a net inflow of $11.3 million into the US Ethereum spot ETF market. The inflow was primarily driven by BlackRock’s ETHA, which saw a substantial increase of $34.7 million. Conversely, Fidelity’s FETH experienced an outflow of $23.4 million, while other Ethereum ETFs remained unchanged. This movement highlights a selective investor preference within the Ethereum ETF landscape, reflecting strategic asset allocation trends among institutional investors. Monitoring these fund flows provides critical insights into market sentiment and liquidity dynamics in the evolving crypto investment ecosystem.
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Source: https://en.coinotag.com/breakingnews/ethereum-spot-etf-sees-11-3-million-net-inflow-driven-by-blackrocks-34-7-million-surge/