Ethereum ETFs See $1 Billion Inflow in Single Day, Driven by BlackRock

A record-breaking surge of over $1 billion in net inflows propelled Ethereum Exchange Traded Funds (ETFs) to a new milestone on the U.S. market. This influx was largely attributed to Blackrock’s ETHA and Fidelity’s FETH products, marking a significant shift in investor interest towards Ethereum-based financial products. Market observers attribute this record inflow to growing demand for direct exposure to Ethereum through traditional investment vehicles. The surge signifies rising confidence among institutional investors, potentially boosting the asset’s market value.