Ethereum ETFs See $1.61M Inflow; FETH Adds $26.32M

The Spot Ethereum ETF experienced a net inflow of $1.61 million last week, according to data from SoSoValue. This inflow was driven by a significant increase in investment in the Fidelity Ethereum ETF (FETH), which saw a weekly net inflow of $26.32 million, bringing its total historical net inflow to $1.54 billion. Conversely, the Grayscale Ethereum Trust ETHE had a weekly net outflow of $15.79 million, adding to its total historical net outflow of $4 billion.

As of the time of writing, the total net asset value of spot Ethereum ETFs stands at $9.81 billion, with an ETF net asset ratio of 3.14%. The total historical net inflow has reached $3.154 billion. This influx of capital into Ethereum ETFs reflects investors' growing interest in the cryptocurrency and its potential for long-term growth.

The net inflow into the Spot Ethereum ETF last week is a positive sign for the cryptocurrency market, as it indicates that investors are increasingly looking to gain exposure to Ethereum through ETFs. This trend is likely to continue as more institutional investors and retail investors alike seek to capitalize on the potential of Ethereum and other cryptocurrencies.