Crypto
Ethereum Spot ETFs See Fifth Straight Day of Net Inflows
Ethereum spot ETFs experienced another day of strong inflows, with a total net inflow of $26.3199 million on July 23rd. This marks five consecutive days of net inflows into these exchange-traded funds (ETFs).
The Fidelity ETF FETH led the way in terms of single-day net inflows, with a staggering $14.928 million pouring in. This brings its historical total net inflow to an impressive $2.149 billion.
The Blackrock ETF ETHA also saw significant inflows, with a daily net inflow of $8.4943 million, bringing its own historical total to $11.463 billion.
As of press time, the total net asset value (NAV) of Ethereum spot ETFs stands at $10.32 billion, with an NAV ratio of 4.53% relative to Ethereum's total market cap.