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Second-Biggest Week for U.S. Spot Ethereum ETFs at $1.85 Billion
The surge in investment towards spot Ethereum ETFs has continued, as the latest figures reveal that these funds have drawn a staggering $1.85 billion in inflows during the week ending July 18. This marks the second-biggest weekly inflow since their inception.
According to recent data, U.S.-listed spot Ethereum ETFs have seen an extraordinary influx of capital from investors, with BlackRock’s iShares Ethereum Trust (ETHA) being the largest recipient of funds, accounting for over 70% of the total inflows. The fund has now surpassed a cumulative net inflow exceeding $9.35 billion.
These impressive figures are not without precedent, as it is reported that other ETFs under Fidelity’s Wise Origin Ethereum Fund and smaller issuers have also seen positive flows. It is significant to note that this influx of funds has occurred in tandem with the cryptocurrency trading above $3,600, marking a six-month high.
Notably, this exceptional performance can be attributed to the increased acceptance of these institutional investment vehicles by large pension funds and endowments. These institutions have been actively allocating capital to spot ETH ETFs since their launch, thereby capturing significant market share from other investment vehicles.
The remarkable $10.5 billion in weekly trading volume across U.S. exchanges further highlights the growing traction and liquidity within this space.
Source: coinrevolution.com
