Ethereum ETFs Witness Significant Inflows, Approaching $13 Billion

Recent data reveals substantial inflows into Ethereum Exchange-Traded Funds (ETFs), with over $455 million recorded on August 26th alone. This surge was fueled by major financial players like BlackRock and Fidelity, marking a significant step in the acceptance of regulated Ethereum products. Notably, BlackRock’s ETHA saw $323 million in inflows, while Fidelity’s FETH garnered $85.5 million during the same period. Grayscale also contributed to this growth with its ETHE and Mini Ethereum Trust attracting investors. These initiatives reflect a leading role for these institutions in driving ETF adoption. 📈