Spot ETH ETFs Attract Funds for 20 Trading Days in a Row
On Thursday, July 31, issuers of U.S. exchange-traded funds that invest in эфириум, recorded its 20th consecutive day of net inflows, marking the longest positive period since ETH’s launch.ETF.
On July 31, Ethereum spot funds attracted about $17 million. BlackRock’s ETHA saw a net inflow of $18,2 million, followed by Fidelity’s FETH with $5,62 million. Grayscale’s ETHE fund, however, saw an outflow of $6,8 million.
In just 20 days, US spot ETH-ETF attracted $5,4 million. Before that, during the longest period of inflow, which lasted 19 trading days, the funds received about $1,37 million.
Currently, total net assets эфириум-funds amount to $21,52 billion, which corresponds to 4,77% of the entire market capitalization of the leading altcoin.
Presto Research analyst Min Jeong previously explained that there is currently a “natural reorientation from BTC to ETH” in the market, driven by investors feeling they missed out on investing in BTC during its bull run above $123,000.
In line with this trend, funds have been flowing into spot bitcoin ETF declined, with net outflows amounting to $114,83 million on Thursday.
