💰 "US$144.7 Million: Ethereum ETFs Still a Magnet for Investors!"
Ethereum Spot ETFs have again recorded large inflows, led by BlackRock (ETHA) with US$134.80 million! 🚀 But wait, what does this mean amidst the ETH price dropping 4.40% in the last 24 hours to US$3,835?
✨ Why is this interesting?
Large inflows like this show investor confidence in Ethereum's future, even when the market is correcting. With consistent inflows, ETFs like this could be the main catalyst to bring Ethereum more mainstream.
📊 However…
Other ETFs like Grayscale (ETHE) and Bitwise (ETHW) are still quiet inflows. Is this a sign of increasingly fierce competition or maybe investors are just choosing big names like BlackRock?
👉 What's your take?
Is this large inflow a bullish signal, or is it just a short-term effect of the ETF hype? Drop your thoughts here! ⬇️