🔷Demand for spot Ethereum ETFs is gaining momentum again. Over the past 24 hours, these funds saw an inflow of $112 million, with approximately $102 million going into BlackRock’s flagship product, ETHA. This further solidified its leadership in the segment, bringing its total inflows to $5.24 billion. Fidelity is also showing strong performance, with its FETH fund adding another $10.8 million, raising its cumulative total to $1.6 billion.
🔷The total assets under management in Ethereum ETFs have now reached $10.76 billion, representing about 3.4% of Ethereum’s total market capitalization. Since launch, these funds have accumulated $3.86 billion, and their influence on the crypto market continues to grow. More investors are choosing ETFs as a convenient and regulated way to gain exposure to the Ethereum ecosystem.