Massive Inflows into Ethereum Spot ETFs — BlackRock and Fidelity Take the Lead
On June 12 (Eastern Time), #Ethereum spot ETFs saw a massive net inflow of $112 million, according to data from Foresight News and SoSoValue.
Leading the pack was BlackRock’s ETF (ETHA), which alone brought in $102 million. With this, ETHA’s total historical net inflow has now reached $5.236 billion — pretty impressive.
Coming in next was Fidelity’s ETF (FETH), which recorded a net inflow of $10.8319 million. Its total historical inflow now stands at $1.603 billion.
As of the latest update, the total net asset value of all Ethereum spot ETFs is around $10.756 billion. Compared to Ethereum’s overall market cap, the ETF net asset ratio is now 3.38%.
What really caught my eye is that the cumulative historical net inflow into these ETFs has hit $3.857 billion. That’s a clear sign that institutional interest in Ethereum is ramping up fast.
