$2.2 Billion Flows into Ethereum ETFs in the Past Week, Coinshares Reveals
Summary
Ethereum spot ETFs in the US attracted $2.2 billion, marking a pivotal moment for Ethereum and its investors. The surge in Ethereum ETFs led to a 542% increase in Ethereum exchange-traded products. Despite this, Grayscale's Ethereum trust saw $285 million in net outflows. Bitcoin also attracted significant capital, with $3.6 billion flowing in over the past month, bringing its year-to-date inflows to a historic high of $19 billion. However, both Bitcoin and Ethereum spot ETFs struggled to maintain their price performance following the inflows.
