Ethereum Spot ETFs don carry 12th weekly inflow plus $154M add
Ethereum spot ETF dey get inflows for 12 week straight, with $154 million added from July 28 to August 1. BlackRock’s ETHA lead all Ethereum spot ETFs with $394 million weekly net inflows, bringim cumulative total to $9.74 billion. But Fidelity’s FETH and Grayscale’s ETHE record outflows of $72 million and $54 million respectively. Total assets wey dem manage for Ethereum spot ETFs reach $20.11 billion, wey be 4.70% of Ethereum market cap. Cumulative net inflows don now stand at $9.49 billion. Continued Ethereum spot ETF inflows dey show say demand dey grow and fit signify bullish momentum for crypto market.
Bullish
Twelve consecutive weeks wey net inflows dey go Ethereum spot ETFs show say investor demand and confidence strong. BlackRock’s ETHA dey lead with serious inflows wey highlight institutional interest. Total AUM growth and combined $9.49 billion inflow dey signal say bullish momentum for Ethereum market still dey go. Historically, long ETC inflows don relate with price appreciation, wey mean short-term buy pressure and long-term adoption benefits.