Investors pour $727M into spot Ether ETFs as altcoins pump
Spot Ether ETFs saw record daily inflows on Wednesday, led by BlackRock and Fidelity, pushing total holdings to cross over 4% of the token’s circulating supply.
Update (July 17 at 6:10 am UTC): This article has been updated to include data about altcoin prices and corporate Ether buying.
US spot Ether exchange-traded funds recorded an inflow of $726.6 million on Wednesday as altcoins rallied.
BlackRock’s ETHA also saw a daily inflow record, contributing $499 million to the day’s results, while Fidelity’s FETH fund saw the second highest net inflow of $113 million, according to Farside Investors.
