Ethereum ETF products are showing significant recovery following considerable inflows from BlackRock and Fidelity observed on December 23.
BlackRock and Fidelity Inflow Figures
BlackRock and Fidelity recorded inflows of $130 million through their Ethereum ETFs by December 23. Notable inflows were seen in BlackRock’s ETHA with $89.5 million and Fidelity’s FETH with $46.4 million. Other ETFs did not exhibit significant changes.
Ethereum in the Crypto Market
Ethereum has shown resilience amid market correction, holding support around the $3,500 level. ETH price was $3,511.66 at the time of writing, reflecting a 5.27% increase over the last 24 hours.
Can BlackRock and Fidelity Drive ETH Price?
Ongoing inflows via BlackRock and Fidelity could catalyze Ethereum's price rise, potentially setting a new ATH. Some analysts anticipate a possible rally toward $6,000.
Institutional interest in Ethereum is evidently growing, paving the way for long-term growth amidst current market shifts.
