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US Spot Ether exchange-traded funds attracted $717 million of US investor money on Wednesday, and now hold more than 4% of ETH’s circulating supply.
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US spot Ether exchange-traded funds clocked a new daily net inflow record of $717 million on Wednesday as altcoins rallied.
BlackRock’s ETHA saw a daily inflow record, contributing $489 million to the day’s results and Fidelity’s FETH fund saw the second-highest net inflow of $113 million, according to preliminary data.
US spot Ether ETFs now collectively hold more than 5 million ETH, accounting for more than 4% of the circulating supply.
Prior to Wednesday’s results, the highest daily net inflow on record was recorded on Dec. 5, 2024, when US spot Ether ETFs clocked $428 million of net inflow, according to Farside Investors.
In the past 24 hours, $6.74 million worth of ETH was issued by the network, while US spot Ether ETFs bought nearly 107 times the issuance on Wednesday, according to Ultra Sound Money.
This is a developing story, and further information will be added as it becomes available.
This article first appeared at Cointelegraph.com News
