Institutional appetite for Ethereum continues to grow as Fidelity and BlackRock ramp up ETF purchases.
Fidelity’s FETH ETF saw a $25.7 million inflow on June 30, adding over 10,000 ETH just days after a $28.9 million injection. Total net inflows for the fund have now reached $1.69 billion.
BlackRock followed with another $6.1 million allocation to its ETHA fund, capping off a $54 million two-day spree.
Since its debut, BlackRock’s Ethereum ETF has attracted $5.52 billion—leading all issuers in total inflows.
Analysts see this rapid accumulation as a strong signal of long-term institutional confidence in Ethereum, especially as spot ETF products gain traction in traditional finance.
Alexander Stefanov
Reporter at Coindoo
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over 8 years of experience covering the crypto, blockchain and fintech industries, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics.
Source: https://coindoo.com/institutional-investors-pump-millions-into-ethereum-etfs/