Ethereum Spot ETFs Surge to New Heights

Ethereum spot ETFs have seen significant inflows over the past week, with net purchases totaling $1.42 billion since August 17.

This includes a record-breaking day on Thursday, where they took in $225.8 million, their strongest performance in 10 months.

The majority of these inflows can be attributed to BlackRock's ETHA fund, which has accounted for 72% of the category's total net purchases, with $1.02 billion invested over nine consecutive sessions.

Fidelity's FETH has been the second-largest recipient, adding $56.2 million on Thursday alone.