Spot Ether ETFs clock $5.4B monthly inflow record amid 20-day streak

Spot Ether ETFs clock .4B monthly inflow record amid 20-day streak

Spot Ether ETFs recorded $5.43 billion in net inflows in July, marking a 369% monthly surge, extending their daily inflow streak to 20 consecutive days.

United States Spot Ether exchange-traded funds (ETFs) hit a new milestone in July, recording $5.43 billion in net inflows, their highest monthly total since launch, according to ETF tracker SoSoValue.  

July’s performance represents a 369% increase from June’s total net inflow of $1.16 billion, showing a significant surge in investor interest. It also eclipses previous months like May’s $564 million, April’s $66.25 million and overturns March’s outflow record of $403 million.  

The latest figures bring total cumulative net inflows for Ether (ETH) ETFs to $9.64 billion, a 129% increase over June’s total. Total net assets across all spot Ether ETFs rose to $21.52 billion, up 108% from $10.32 billion a month earlier.

Read more

If you liked the article, do not forget to share it with your friends. Follow us on Google News too, click on the star and choose us from your favorites.

If you want to read more News articles, you can visit our General category.

Source

Leave a Reply

Your email address will not be published. Required fields are marked *