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Fidelity’s FETH Records $4.62M Inflow as Grayscale’s ETHE Dominates Market Share
The latest report from SoSoValue reveals that Fidelity’s FETH ETF has recorded a staggering daily inflow of $4.62 million, solidifying its position in the market alongside Grayscale’s ETHE ETF, which dominates the market share with an astonishing $5.19 billion in assets.
According to the figures, FETH reported an influx of $4.62 million on January 6, further boosting its net asset value to a significant $1.77 billion. This substantial growth is a testament to investor confidence in this Ethereum-based ETF, as it seeks to capitalize on the growing demand for crypto investment opportunities.
On the other hand, Grayscale’s ETHE ETF has continued to maintain its market dominance with an astonishing $5.19 billion in assets under management. Despite FETH’s strong inflow numbers, Grayscale’s flagship ETF remains the top performer, attracting significant attention from investors seeking exposure to the Ethereum market.
Notably, VanEck and BlackRock have also contributed significantly to the momentum seen in the Ethereum ETF space. Their ETHV and ETHA offerings, respectively, reported net assets of $162.19 million and $170.36 million, with daily price increases of 2.27% and 2.23%.
Source: cryptonewsland.com
