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Ethereum ETFs See $19.02M Daily Net Inflow as BlackRock and Fidelity Lead the Market
The cryptocurrency market has witnessed a surge in Ethereum ETF activity, with $19.02 million worth of daily net inflows recorded. This significant influx of capital marks an unprecedented level of investment in the Ethereum space.
As it stands, BlackRock’s ETHA is leading the pack with a staggering $3.71 billion in net assets, accounting for 1.13% of Ethereum’s market capitalization. The ETF has seen its share price rise to $20.61, marking a daily change of +3.57%.
In stark contrast, Grayscale’s ETHE reported a negative one-day net outflow of -$5.45 million despite posting a 3.46% price gain. ETH on NYSE, also sponsored by Grayscale, has maintained net assets of $1.30 billion and has seen its market price reach $25.66 with a daily change of +3.51%.
Meanwhile, Fidelity’s FETH ETF recorded an impressive $24.47 million in one-day net inflows, further solidifying the company’s position as a major player in this market. This is not the first instance of strong performance from FETH, having already accumulated $1.27 billion in net assets.
It is worth noting that other participants in the Ethereum ETF space have shown notable gains as well, with ETHW by Bitwise and ETHV by VanEck posting daily changes of +3.50% respectively. EZET from Franklin registered a daily change of +3.55%, while QETH sponsored by Invesco saw a daily change of +3.20%.
Source: cryptonewsland.com
