Spot Ethereum $3,863.6 ETFs hit a record high in weekly net inflows as of the last trading day. According to data calculated between 9 December and 13 December, spot Ethereum ETFA total net inflow of 855 million dollars was recorded. This huge increase in inflows highlights the intense interest in spot Ethereum ETFs in the US.
BlackRock and Fidelity’s Spot Ethereum ETFs Featured
A significant portion of the record weekly net inflow BlackRock and it came from Fidelity. The spot Ethereum ETF, which uses the ticker ETHA and is traded by BlackRock, led the way in weekly net inflows with $523 million. BlackRock’s lead was followed by Fidelity’s ETF FETH. Fidelityattracted attention with a net inflow of 259 million dollars. The contribution of these two major players to Ethereum’s market liquidity has an important place.
The net inflows in question are spot Ethereum ETF marketIt shows the growing appeal of . Investors are particularly seizing the opportunity to gain access to the Ethereum market through regulated products. Especially institutional investors prefer these ETFs.
High Demand for Ethereum ETFs Continues
According to experts, the intense demand for spot Ethereum ETFs will increase day by day. Because cryptocurrency Despite market uncertainties, regulated ETFs offer investors a more reliable option. This is considered an important advantage, especially for large volume cryptocurrencies such as Ethereum.
In addition, the impact of these net inflows on the market price of Ethereum is also carefully monitored. While there has not yet been a noticeable rise in the price of Ethereum’s mainnet asset, ETH, this demand for ETFs could attract more institutional interest in the long run. This is seen as a positive step as it is considered a critical step for the market to mature and for Ethereum to reach a wider audience of investors.
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.
