Ethereum ETF continues to attract funds, BlackRock is going crazy! Is ETH severely undervalued?
Yesterday (June 12, Eastern Time), the Ethereum spot ETF once again fired on all cylinders, with a daily net inflow of 112 million USD. The strongest performer was still the old acquaintance, BlackRock's ETHA, which absorbed 102 million in one go, accumulating a total of 5.236 billion, this isn't just buying ETFs, it's directly throwing oil into the furnace.
Following closely was Fidelity's FETH, which also didn't hold back, bringing in 10.83 million yesterday, with a historical cumulative inflow of 1.603 billion. These figures basically shout: "We're not leaving, keep buying!"
Core data overview:
Total net assets of Ethereum spot ETF: 10.756 billion USD
ETF's share of total ETH market capitalization: 3.38%
Historical cumulative net inflow: 3.857 billion USD
