Crypto
Ethereum ETFs Draw $5M Net Inflows Amid Steady Institutional Adoption
U.S. spot Ethereum exchange-traded funds (ETFs) recorded around $5 million in net inflows on Aug. 17, according to data from Farside Investors.
The majority of these inflows were attributed to two funds: Fidelity's FETH with $4.3 million and Bitwise's ETHW with $700,000.
These modest inflows suggest steady institutional adoption of Ethereum ETFs and interest in staking-enabled products, but the amount is relatively small compared to broader crypto markets.
The exclusion of BlackRock's ETHA and ETHB from the reported figures may be due to data availability or a specific methodology choice by Farside Investors.