Ethereum ETFs Boosted by Strong Inflows Despite Price Surge

Ethereum exchange-traded funds (ETFs) saw a surge in investor interest this week, fueled by significant inflows according to SoSoValue data. Grayscale’s ETH ETF accounted for nearly half of the $13.37 million total inflows on Tuesday, with Grayscale’s holdings taking a leading role. Notably, BlackRock’s ETHA and Fidelity’s FETH remained relatively stable despite the overall market movement. However, these modest inflows still highlight the growing interest in Ethereum-based investments. Simultaneously, ETH price continues to climb, surpassing $2,700 on Tuesday and marking a nearly 50% increase from last week.