Data showed that the nine exchange-traded funds linked to the spot price of Ethereum, the second largest cryptocurrency in the world, attracted net inflows of $106 million yesterday, Tuesday, as they began trading on American stock exchanges.
CF Benchmarks, a provider of digital asset indexes, noted that the funds that attracted most of these assets were sponsored by the same companies that emerged as the biggest winners after Bitcoin spot ETFs debuted in January.
The iShares Ethereum Trust, affiliated with asset management giant BlackRock, led the group with inflows of $266.5 million, closely followed by Bitwise Ethereum EFT, which had inflows of $204 million. The Fidelity Ethereum Fund attracted $71 million.
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