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Significant $83 Million Daily Inflows Recorded for Ethereum ETF by Fidelity – What’s Next?
The crypto market has been witnessing a surge in interest towards Ethereum-based exchange-traded funds (ETFs), with Fidelity’s offering seeing an astonishing $83 million in daily inflows. This sudden influx of capital could potentially be a turning point for the cryptocurrency, as it may signal a shift in investor sentiment.
Initially, the market saw a huge surge after the ‘Trump pump’, but unfortunately, this excitement fizzled out quickly. The current market environment is not ideal for Ethereum, with a lack of consistent support in its price, indicating that there’s a significant reluctance to invest heavily.
Source: ambcrypto.com
