Join our Telegram channel to stay up to date on breaking news coverage
Inflows into ethereum spot ETFs have outpaced their bitcoin ETF rivals over the past four trading days, as ethereum price rises 6% this week amid growing investor optimism about the top altcoin. big.
ethereum spot ETFs recorded net inflows of $224.9 million over the past four days, while their bitcoin counterparts recorded total net inflows of just $35.2 million over the same period, according to data from <a target="_blank" href="https://farside.co.uk/btc/”>Far Side Investors.
<img fetchpriority="high" decoding="async" src="https://watcher.guru/news/wp-content/uploads/2024/01/blackrock-ethereum-etf-1920-1-800×450.jpeg” alt=”BlackRock's ethereum ETF Witnesses $900 Million Inflows”/>
BlackRock's ETHA Leads ethereum Spot ETFs on 4-Day Inflow Streak
A handful of US eth Investment products are responsible for the latest inflows into ethereum spot ETFs since Friday. Leading the charge is ETHA, the fund belonging to asset management giant BlackRock.
In the last 4 days, the BlackRock eth ETF has seen net inflows of 149.8 million. The fund's biggest day was Nov. 22, when $99.7 million entered its reserves. Meanwhile, Fidelity's FETH, Bitwise's ETHW, Grayscale's eth, and VanEck's ETHV all recorded net inflows in the last 4 days.
<blockquote class="twitter-tweet” data-width=”550″ data-dnt=”true” wp_automatic_readability=”10.102766798419″>
ethereum ETF Flow (Million US Dollars) – 2024-11-27
TOTAL NET FLOW: 90.1
ETA: 0
CONQUEST: 38
ETHW: 1.6
CET: 0
ETHV: 13.2
POLAR: 0
AZETA: 0
HE SAID: 0
ethereum: 37.3
For full details and disclaimers, please visit:https://t.co/FppgUwAthD
– Farside Investors (@FarsideUK) <a target="_blank" href="https://twitter.com/FarsideUK/status/1861995231043805308?ref_src=twsrc%5Etfw”>November 28, 2024
21Share's CETH, Invesco's QETH, and Grayscale's eth all recorded net outflows over the same period, while Franklin's EZET saw no new flows.
eth Boosted by Tornado Cash Ruling – 10X Research
The strong point eth ETF inflows occur during a rise in the price of ethereum. CoinMarketCap <a target="_blank" href="https://coinmarketcap.com/currencies/ethereum/”>data shows eth trading at $3,569.72 at 2:51 am EST following a more than 6% rise in the altcoin's price over the past week. bitcoin fell almost 3% during the same period.
10X Research founder Markus Thielen said ethereum's price rise above the $3,500 mark was fueled by Tornado Cash's recent court victory.
“Given that ethereum remains the leading blockchain for DeFi, this decision is seen positively for the broader DeFi ecosystem and other protocols, particularly on the ethereum network,” said founder Markus Thielen, founder of 10X Research. “This could have huge implications.”
Reports that cryptocurrency advocate Paul Atkins could replace anti-crypto and outgoing US SEC Chairman Gary Gensler have also contributed to the positive sentiment around eth, which currently lacks legal clarity due to part of the regulator with respect to its securities status.
Related articles:
Most Wanted crypto Launch: Pepe Unchained
- Layer 2 Meme Coin Ecosystem
- Featured on Cointelegraph
- SolidProof and Coinsult audited
- Staking Rewards – pepeunchained.com
- More than $40 million raised in ICO – December ends
Join our Telegram channel to stay up to date on breaking news coverage
<script async src="//platform.twitter.com/widgets.js” charset=”utf-8″>
