Ethereum spot ETFs recorded a total net inflow of $295 million on Monday.
Spiking inflow highlights growing ETH ETF adoption.
ETH has surged over 42% in the past seven days.
Data from Soso Value show that Ethereum spot ETFs saw a total net inflow of $295 million on Monday, November 11. The two products with the largest inflows were Fidelity ETF (FETH), which had a $115 million daily inflow, and BlackRock’s ETHA, which had a $101 million inflow.
Meanwhile, Soso Value’s data reveals Grayscale’s Ethereum ETF attracted a $63.32 million inflow, while Bitwise’s product, ETHW, had a $15.57 million inflow to complete the total inflow for the day.
The high inflow rates in spot Ethereum ETF products indicate growing adoption and capital moving into the cryptocurrency ecosystem last week. A bullish market shows that investors are returning and that new users are entering the crypto industry.
Focusing on the specifics, Ethereum, the second-largest cryptocurrency by market capitalization, has experienced a general surge in capital inflow. Ethereum’s market cap was $209.04 billion on November 5, the day of the U.S. presidential election. One week later,…
The post Ethereum ETF Sets New Record With $295 Million Daily Inflow, ETH Price Surges appeared first on Coin Edition.
