Crypto
Ethereum ETFs Record Second Straight Day of Inflows Amid Market Recovery
The Ethereum ETF market is showing signs of life as U.S.-based spot Ethereum exchange-traded funds (ETFs) recorded $60.8 million in net inflows on August 5, marking a second consecutive trading day of positive flows.
This influx of capital follows a broader recovery in cryptocurrency prices after a sharp selloff earlier in the week, with Ethereum's price showing resilience above key support levels.
The largest contributor to these inflows was BlackRock's ETHA ETF, which led with $50.3 million in net inflows, followed by its staking product ETHB and Fidelity's FETH.