Spot Ethereum exchange-traded funds (ETFs) in the U.S. experienced over $240.3 million in net inflows, exceeding the $164.5 million seen by spot Bitcoin ETFs. This marks the 18th consecutive day of positive flows into spot ETH ETFs. (Source: The Block)
BlackRock's ETHA led the inflows with $163.6 million, followed by Fidelity's FBTC with $37.28 million. Grayscale's Mini Ethereum Trust and ETHE fund also recorded net inflows, alongside Bitwise's BITW. (Source: The Block)
Analysts attribute the inflows to positive regulatory discussions around DeFi and stablecoins, alongside a spillover effect from Bitcoin. Ethereum derivatives trading volume surpassed Bitcoin's, reaching over $106 billion. (Source: The Block)
The price of Ether rose above $2,800 earlier on Wednesday, its highest point since February. It is currently trading at $2,769, down 0.34% in the past 24 hours. (Source: The Block)