U.S. Ether ETFs Achieve $1 Billion Daily Inflows for First Time
U.S.-listed ether (ETH) ETFs surpassed $1 billion in daily inflows for the first time, coinciding with ETH reaching its highest price since December 2021.
- Daily inflows exceeded the previous record of $726.74 million from July 17
- BlackRock's ETHA led inflows at nearly $640 million, followed by Fidelity's FETH at $276.9 million
- Cumulative ETF inflows reached $10.83 billion; total assets valued at $25.71 billion, 4.77% of ether’s market cap
- ETH peaked at $4,358
- Market trends are influenced by expectations of a Federal Reserve interest rate cut, with an 84% probability of a 25 basis point reduction in September
- SEC dropped its lawsuit against Ripple, boosting the altcoin market