crypto-first21
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Bitcoin ETFs Record $524M Inflows Following Billion-Dollar Day
Spot Ethereum ETFs saw a huge $523.9 million daily net inflow on Tuesday. This came after a record-breaking $1.02 billion inflow day on Monday, bringing the total number of positive flows to $2.33 billion for six days in a row. Fidelity's FETH came in second with $144.9 million, while BlackRock's ETHA led with $318.67 million.
The surge was increased by $44.25% thanks to Grayscale's Mini Ether Trust. The funds' net assets currently stand at $27.6 billion, or 40.8 percent of Ethereum's market capitalization. The modest $650.9 million inflows into spot Bitcoin ETFs, on the other hand, indicate that investors' focus is moving to Ethereum.
The price of ether itself increased by 8.5 percent to $4,667, which is close to its peak of $4,878 in November 2021. companies currently own $8.9 billion worth of Ether, indicating that corporate treasury adoption has also accelerated. Growing institutional recognition of Ethereum as the "backbone of future finance" is reflected in the surge.
#EthereumNews
#ETHRally
#writetoearn
#creatorpad
$ETH
Spot Ethereum ETFs saw a huge $523.9 million daily net inflow on Tuesday. This came after a record-breaking $1.02 billion inflow day on Monday, bringing the total number of positive flows to $2.33 billion for six days in a row. Fidelity's FETH came in second with $144.9 million, while BlackRock's ETHA led with $318.67 million.
The surge was increased by $44.25% thanks to Grayscale's Mini Ether Trust. The funds' net assets currently stand at $27.6 billion, or 40.8 percent of Ethereum's market capitalization. The modest $650.9 million inflows into spot Bitcoin ETFs, on the other hand, indicate that investors' focus is moving to Ethereum.
The price of ether itself increased by 8.5 percent to $4,667, which is close to its peak of $4,878 in November 2021. companies currently own $8.9 billion worth of Ether, indicating that corporate treasury adoption has also accelerated. Growing institutional recognition of Ethereum as the "backbone of future finance" is reflected in the surge.
#EthereumNews
#ETHRally
#writetoearn
#creatorpad
$ETH
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