Ethereum exchange-traded funds (ETFs) recently demonstrated a historic increase in inflows, surpassing Bitcoin ETFs in the amount of investments attracted.
Inflows into Ethereum ETFs
On July 17, Ethereum ETFs attracted $602.02 million, which is a 15% increase compared to Bitcoin ETF inflows of $522.60 million on the same day. Ethereum ETFs received $79 million more than Bitcoin.
Role of BlackRock in the Market
BlackRock became the leader in inflows for Ethereum ETFs, attracting $546.70 million—over 90% of the total daily inflows. Grayscale came in second with $29.90 million in inflows, followed by Fidelity with $17.19 million.
Ethereum Assets on the Rise
According to data, Ethereum ETFs recorded a total trading value of $2.29 billion that day, boosting the total net asset value to $17.32 billion. This coincides with Ethereum’s price rise above $3,600.
The overall increase in inflows into Ethereum ETFs highlights the growing investor interest in Ethereum and its assets, which may impact the cryptocurrency market as a whole.
