Strong performance of Ethereum exchange-traded funds amidst a continued rise in ETH price
Recent data from the “SoSoValue” platform showed that Ethereum exchange-traded funds (ETFs) recorded inflows of $13.37 million on Tuesday, indicating renewed interest from institutional investors in the digital asset.
The Ethereum fund managed by “Grayscale” accounted for the largest share of these inflows, attracting $7.36 million, which is more than half of the total amount.
In contrast, the “ETHA” funds managed by “BlackRock” and the “FETH” funds managed by “Fidelity”, which are among the leading providers of these investment tools, saw no change in inflow volume on the same day.
The cumulative net inflows into Ethereum exchange-traded funds so far amount to about $2.5 billion, a figure that remains modest compared to
its Bitcoin counterparts, but reflects a continuous upward trend.
In the market, the price of Ethereum continued to register significant gains, as it recently regained the $2700 level, after a rise of about 50% within just one week.
This strong performance enhances the attractiveness of ETH funds as investment tools amid expectations of further expansion in institutional demand.
34356453453
$BTC
76058284667
47074982080
49374523726
57037802590
Recent data from the “SoSoValue” platform showed that Ethereum exchange-traded funds (ETFs) recorded inflows of $13.37 million on Tuesday, indicating renewed interest from institutional investors in the digital asset.
The Ethereum fund managed by “Grayscale” accounted for the largest share of these inflows, attracting $7.36 million, which is more than half of the total amount.
In contrast, the “ETHA” funds managed by “BlackRock” and the “FETH” funds managed by “Fidelity”, which are among the leading providers of these investment tools, saw no change in inflow volume on the same day.
The cumulative net inflows into Ethereum exchange-traded funds so far amount to about $2.5 billion, a figure that remains modest compared to
its Bitcoin counterparts, but reflects a continuous upward trend.
In the market, the price of Ethereum continued to register significant gains, as it recently regained the $2700 level, after a rise of about 50% within just one week.
This strong performance enhances the attractiveness of ETH funds as investment tools amid expectations of further expansion in institutional demand.
34356453453
$BTC
76058284667
47074982080
49374523726
57037802590
