$ETH
Record Inflows into US Ethereum Spot ETF, Prices Continue to Rise
According to statistics from SoSoValue, the US Ethereum spot exchange-traded fund (ETF) saw a net inflow of $428 million on Thursday, setting a new record for the highest net inflow in a single day. Furthermore, these Ethereum ETFs have shown a net inflow trend for nine consecutive trading days.
Data on daily fund flows for US Ethereum spot ETFs indicate that the ETF with the highest net inflow yesterday was the ETHA fund issued by BlackRock, with a net inflow of approximately $292 million, followed by Fidelity's FETH with a net inflow of about $113 million. Meanwhile, Grayscale's ETHE fund was the only product to experience a net outflow, with an outflow amounting to approximately $15.12 million.
Amidst the continuous inflow of funds into Ethereum ETFs, the price of Ethereum (ETH) has also risen from around $3,300 to nearly $4,000, with a 9.5% increase over the past seven days. As of the time of writing, the trading price of Ethereum is $3,900.
On the other hand, the US Bitcoin spot ETF also performed strongly on Thursday, recording a net inflow of $766 million and maintaining a net inflow for six consecutive trading days.
