Spot Ethereum ETFs attract $197 million in a week, fourth straight week of inflows
- —Net inflow into ETH ETFs for the week was $197 million, the fourth straight week of gains
- —BlackRock's ETHA attracted $140 million, with historical inflows reaching $13.01 billion
- —Grayscale's ETHE lost $17.3 million, with total outflows of $5.4 billion
- —ETH ETF assets are $16.31 billion, or 5.28% of Ethereum's market cap
Why it matters: Steady inflows into ETH ETFs signal growing institutional demand for the second-largest cryptocurrency by market cap.
Source: PANews