A recent surge in Ethereum spot ETFs has resulted in a net inflow of $349 million, with Blackrock’s ETHA and Fidelity’s FETH leading the charge. According to SoSoValue data, this influx brings the total net asset value of Ethereum spot ETFs to $12.108 billion, accounting for 3.01% of the total market value of Ethereum.
**Breakdown of Inflows**
* Blackrock’s ETHA saw a net inflow of $182 million, with a total net inflow of $3.52 billion. * Fidelity’s FETH had a net inflow of $160 million, with a total net inflow of $1.56 billion. * Grayscale Ethereum Mini Trust (ETH) was the only product with a net outflow, with a weekly net outflow of $140,000 and a total net inflow of $605 million.
**Market Impact**
The cumulative historical net inflow of Ethereum spot ETFs has reached $2.677 billion, indicating a growing interest in these investment products. As the market continues to evolve, it remains to be seen how this trend will impact the broader cryptocurrency landscape.
**Note**
This article is for informational purposes only and should not be considered investment advice.
Source: Panewslab.com
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