$ETH Spot Ethereum ETFs Net Nearly $139 Million Inflows, Grayscale Unexpectedly Flips To Buying
The Spot Ethereum ETF market had an explosive trading session yesterday with a total net inflow of $138.96 million, marking a strong recovery from the previous day.
šø Leader BlackRock (ETHA) continued to spearhead the race with a net buy of $51.81 million, followed by Fidelity (FETH) with $34.38 million.
šø However, the most surprising highlight belongs to Grayscale. Typically facing net selling pressure, yesterday both Grayscale ETHE and Ethereum Mini ETF recorded positive inflows of $27.57 million and $20.72 million, respectively.
Grayscale stopping sales and flipping to net buying is an extremely positive signal, indicating that selling pressure from legacy investors has exhausted. Is this the moment ETH begins a new growth cycle?
News is for reference, not investment advice. Please read carefully before making a decision.
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