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Ethereum ETF Demand Surges, Topping $2B in Just Three Days
In a stunning turn of events, the demand for Ethereum-based exchange-traded funds (ETFs) has skyrocketed, exceeding an astonishing $2 billion in just three days. This surge is attributed to growing institutional inflows, as top-tier asset managers and pension funds seek exposure to the second-largest cryptocurrency by market capitalization.
As a result, US spot Ethereum ETFs have attracted a massive $729.1 million in net inflows on Wednesday, the largest single-day gain since their launch. Notably, BlackRock’s ETHA led the charge with an impressive $500.9 million, followed closely by Fidelity’s FETH at $154.7 million.
In what can only be described as a monumental shift, Ethereum ETFs have surpassed Bitcoin ETF inflows by nearly eightfold within this short timeframe, further underscoring institutional investors’ confidence in Ethereum’s long-term prospects.
Source: crypto-economy.com
