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Significant $83 Million Daily Inflows Recorded for Ethereum ETF by Fidelity – What’s Next?
A recent report from Farside Investors has highlighted significant daily inflows of $83 million for the Ethereum ETF by Fidelity. This development is particularly noteworthy given the current market uncertainty and the lacklustre performance exhibited by many cryptocurrencies in recent times.
The influx of capital into the Ethereum ETF marks a much-needed respite for investors who have been holding on to their Ethereum (ETH) positions despite the dismal price action over the past few weeks. The ETF’s impressive performance has piqued interest among market analysts, who are now eagerly awaiting the next move in ETH’s trajectory.
While the $83 million daily inflows do not necessarily translate into a guaranteed price surge for ETH, it is undeniable that this trend will have far-reaching implications on the broader cryptocurrency landscape.
Source: ambcrypto.com
