The post Ethereum Spot ETF Sees $98M Inflow Amid Bullish Market Moves appeared first on Coinpedia Fintech News
On August 6th, the Ethereum spot ETF witnessed an impressive net inflow of $98.30 million, signaling a robust confidence in $ETH among investors. The Grayscale ETF ETHE saw an outflow of $39.73 million, suggesting some sell-offs in the market. However, the BlackRock ETF ETHA attracted a significant inflow of $110 million, showcasing bullish sentiment. Additionally, the Fidelity ETF FETH contributed an inflow of $22.49 million, further boosting the overall inflow.
The total net assets for the Ethereum spot ETF now stand at a remarkable $7.06 billion. With Ethereum currently trading at $2,461.33, up by 1.03% over the last day, the market is buzzing with activity and optimism.