The post Ethereum ETFs Record $49M Inflows Amidst 20% Price Drop appeared first on Coinpedia Fintech News
The spot ether ETFs recorded net inflows of nearly $49 million on Monday amidst a 20% drop in its price, indicating strong demand. A broader crypto market haircut contributed to the selling pressure, with over $340 million in ETH futures liquidations. While professional investors bought the dip, ETH ETFs traded over $715 million, the highest since July 30. BlackRock’s ETHA led inflows at $47 million. Fidelity’s FETH and VanEck’s ETHV recorded $16 million in inflows each. Grayscale’s ETHE was the only product with outflows at $46 million, while the Ethereum Mini Trust (ETH) recorded inflows at $7 million.