💸 Ethereum ETFs top $1 billion in daily inflows for first time

U.S. spot Ethereum ETFs hit over $1 billion in net daily inflows on Monday for the first time since their launch in July 2024.

BlackRock's ETHA led the charge, adding $639.8 million, while Fidelity's FETH saw its largest inflows of $276.9 million.

Amid a rapid 140% rise in the price of ETH since May, the Ethereum ETFs have seen more than $8 billion in net inflows, pushing the cumulative figure to over $10 billion post-launch.

Analysts attribute growing institutional confidence in Ethereum's long-term potential to increased regulatory support and relentless corporate treasury acquisitions.