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Ethereum ETFs See $110.5M in Daily Inflows: Largest Since February as Bullish Momentum Builds

  • Ethereum ETFs experience a surge with daily inflows of $110.5 million, the largest since February, indicating bullish momentum in the market.
  • Grayscale's ETHE leads the inflows with $43.7 million, followed by Fidelity's FETH with $42.2 million. Other ETFs like Grayscale's secondary ETH product and Bitwise's ETHW also witnessed significant inflows.
  • This surge marks the fifth consecutive day of positive flows for Ethereum ETFs, accumulating $211.8 million during this period. Year-to-date inflows have reached $61.9 million, with total cumulative flows for all spot Ethereum ETFs standing at $2.7 billion.
  • The increasing institutional interest in Ethereum is attributed to the strengthening fundamentals of the cryptocurrency and its price showing signs of a breakout. Analysts see the ETF inflows as a positive signal of market confidence amidst regulatory developments surrounding ETH-based investment products.

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