U.S. Ether (ETH) spot exchange-traded funds (ETFs) witnessed a net inflow of $7.4 million on October 4, 2022, as per data from financial information platform Farside Investors. BlackRock's ETHA ETF saw the highest inflow of $14.7 million, followed by Bitwise ETHW ETF with a modest $0.9 million increase. On the other hand, Grayscale's ETHE ETF experienced a net outflow of $8.2 million. No inflow or outflow was recorded in any other ETH spot ETF during the period. The increased interest in ETH spot ETFs suggests a growing appetite among investors for direct exposure to the underlying cryptocurrency. These ETFs provide a convenient and regulated way to invest in Ethereum without needing to purchase and store the actual cryptocurrency. Overall, the net inflow in ETH spot ETFs indicates a positive sentiment towards Ethereum and its potential as an investment vehicle. As the crypto market continues to evolve, it remains to be seen whether this influx of investment will continue in the long term.
U.S. Ether (ETH) Spot ETF Sees Net Inflow of $7.4 Million
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