Crypto
Ethereum ETFs See Fifth Consecutive Day of Inflows
US spot Ethereum ETFs have seen a surge in popularity, with a net inflow of $26.3 million on July 23, marking the fifth consecutive day of positive flows. This trend suggests growing institutional confidence in Ethereum as an asset class.
Fidelity's Ethereum fund, FETH, led the day with $14.9 million in net inflows, followed closely by BlackRock's ETHA and ETHB, a staking product. These three funds accounted for the majority of the day's total inflow.
The five-day streak of positive flows is a notable shift in investor sentiment toward Ethereum-focused investment products. This trend coincides with broader market stability in cryptocurrency prices, although Ethereum's price has remained range-bound in recent weeks.