Ethereum Spot ETFs See $106M Inflows, BlackRock's ETHA Leads

In Brief:

Ethereum spot ETFs had a net inflow of $106 million last week.

BlackRock's ETF ETHA saw the highest inflow of $87.57 million.

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The Ethereum market continues to show signs of growth, with spot ETFs leading the charge. According to recent data from SoSoValue, Ethereum spot ETFs saw a total net inflow of $106 million from April 28 to May 2.

The BlackRock Ethereum ETF (ETHA) topped the inflow charts with $87.57 million, bringing its historical total net inflow to a solid $4.2 billion. Fidelity’s FETH followed closely with $37.79 million in net inflows, pushing its cumulative total to $1.46 billion.

However, not all Ethereum ETFs saw positive movement. Grayscale's Ethereum Trust ETF (ETHE) faced a significant net outflow of $26.21 million, bringing its historical total net outflow to $4.3 billion.

As of May 5, the total net asset value of Ethereum spot ETFs stands at $6.4 billion, accounting for 2.87% of Ethereum’s total market value. Cumulatively, these ETFs have seen a total net inflow of $2.51 billion.

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