Ethereum Spot ETFs Dey Attract Record $727M Inflows
U.S. Ethereum spot ETFs attract record $727 million net inflows inside one trading day, pass di previous $717 million high. Major issuers like BlackRock, Fidelity and Grayscale lead di surge, push total assets under management higher and make ETF holdings dey pass 5 million ETH, or over 4% of di circulating supply. Inflows overtake Bitcoin spot ETFs and equal nearly 107 times Ether’s daily issuance. Traders talk say di spike na due to fresh hope about upcoming network upgrades plus wider crypto market rally. Dis influx show say dema institution demand for Ethereum spot ETFs dey grow and fit tighten supply, boost ETH price momentum.
Bullish
Record beta inflows for Ethereum spot ETFs dey show say institutional people get strong interest and confidence for ETH products. Di increase wey BlackRock, Fidelity and Grayscale dey lead no just pass Bitcoin ETF perform, e tight supply well well by adding over 5 million ETH to institutional holdings. For short time, dis influx fit carry price go higher as demand pass issuance. For long term, steady ETF accumulation fit support ETH fundamentals by reducing circulation and making investors believe more for upcoming network upgrades.