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US Ethereum ETFs Flooded with Cash as ETH Soars 27% in a Week

  • US Spot Ethereum ETFs saw a record inflow of US$295.5 million, with BlackRock’s ETHA and Fidelity’s FETH receiving the largest shares.
  • Senior Bloomberg ETF analyst Eric Balchunas indicated that Ethereum funds are trending positively, though still trailing far behind Bitcoin ETFs.
  • Bitcoin ETFs also performed well, with BlackRock’s IBIT capturing three-quarters of the US$1.1 billion total inflow.
  • Crypto-related stocks such as MicroStrategy and Coinbase also experienced gains.

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