Ethereum ETFs reach a record $524 million in inflows after a $1 billion day.
Ethereum News
Spot Ethereum ETFs recorded daily net inflows totaling $523.9 million on Tuesday. This followed Monday's record inflows of $1.02 billion, marking six consecutive days of positive flows totaling $2.33 billion.
BlackRock's ETHA led the inflows with $318.67 million, followed by Fidelity's FETH with $144.9 million. Grayscale's Mini Ether Trust contributed $44.25 million to the increase.
The funds now hold $27.6 billion in net assets, representing 4.8% of Ethereum's total market capitalization. Meanwhile, spot Bitcoin ETFs recorded modest inflows of $65.9 million, suggesting that investor attention is shifting towards Ethereum.
Ether itself rebounded by 8.5% to $4,667, nearing its all-time high of $4,878 from November 2021. Corporate treasury adoption has also accelerated, with companies currently holding $8.9 billion in Ether, according to data from The Block.
The increase reflects the growing institutional recognition of Ethereum as the "backbone of future financial markets."
