Crypto
Ethereum Spot ETFs Draw Over $100 Million in Fourth Straight Day of Net Inflows
US Ethereum spot ETFs continued their streak of net inflows, attracting $104.63 million in fresh capital on September 24th. This marks the fourth consecutive trading day with net inflows into these funds.
The majority of this influx came from BlackRock's ETHA, which pulled in $50.8 million. Fidelity's FETH followed closely behind with $41.28 million in net inflows.
Grayscale's ETHE saw a notable $4.3 million in net inflows, but its Ethereum product experienced outflows of $4.09 million. The remaining products recorded no net flows.
The sustained interest in Ethereum spot ETFs suggests that institutional investors are expanding their asset allocations beyond Bitcoin into this cryptocurrency.