The recent rise of Ethereum has led to significant inflows into ETFs, indicating growing interest from investors.
Record Inflows into Ethereum ETFs
As of August 12, the total inflow into Ethereum ETFs reached $1.02 billion, marking a record since the launch of ETFs. This event also marks the first time daily inflows exceeded $1 billion.
Leaders in Inflows
BlackRock's ETHA fund led the way with $639.8 million in inflows, followed by Fidelity's FETH with $276.9 million and Grayscale's mini ETH fund with $66.6 million. Other funds also reported positive inflows.
Institutional Investors' Position
ETF Store president Nate Geraci noted that ETH ETFs are underestimated due to the lack of understanding of Ethereum by institutional investors. He added that interest in ETH is increasing, and Ethereum is increasingly seen as the backbone of financial markets.
With increasing interest in Ethereum and record inflows into ETFs, further changes in financial markets can be expected.
