BtcLord2015
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Recent numbers reveal an unprecedented movement: financial giants are transforming Ethereum into an institutional asset. According to data from Farside Investors, the total assets under management (AUM) in Ethereum ETFs is about to reach the historic mark of $5 billion – a clear sign that Wall Street is taking ETH seriously.
Accumulated Ethereum on Wall Street approaches $5 billion. Source: Fairspin
Fidelity, one of the largest asset managers in the world, exemplifies this trend. In just 72 hours, the firm injected $54 million into ETH, including a purchase of $25.7 million on June 30. Its ETF (FETH) has already accumulated $1.69 billion in assets under management. Meanwhile, BlackRock's ETHA leads with $5.52 billion.
Ethereum ETFs in momentum
Ethereum ETFs are becoming the primary vehicle for exposure for traditional investors. Just last week, these products attracted $429 million from this more specialized group. This increased the year-to-date total to $2.9 billion, a record for Ethereum products.
Thus, these constant flows of capital, even amid the natural volatility of the crypto market, indicate that large managers are treating Ethereum as an asset that can rise significantly without prior warning, targeting above $10,000
$ETH
Accumulated Ethereum on Wall Street approaches $5 billion. Source: Fairspin
Fidelity, one of the largest asset managers in the world, exemplifies this trend. In just 72 hours, the firm injected $54 million into ETH, including a purchase of $25.7 million on June 30. Its ETF (FETH) has already accumulated $1.69 billion in assets under management. Meanwhile, BlackRock's ETHA leads with $5.52 billion.
Ethereum ETFs in momentum
Ethereum ETFs are becoming the primary vehicle for exposure for traditional investors. Just last week, these products attracted $429 million from this more specialized group. This increased the year-to-date total to $2.9 billion, a record for Ethereum products.
Thus, these constant flows of capital, even amid the natural volatility of the crypto market, indicate that large managers are treating Ethereum as an asset that can rise significantly without prior warning, targeting above $10,000
$ETH
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