Spot Ethereum ETF inflows have surged once again, however, they won’t have much impact on the spot ETH price, a Glassnode study reveals. For nine consecutive sessions, inflows into spot Ether ETFs have remained positive, which shows that institutional interest is building up. However, the trading volumes contributed by these ETFs in the spot Ether market aren’t enough. Ethereum ETF Inflows Surge Led By BlackRock Over the past nine trading sessions, inflows into spot Ether ETFs have surged, showing rising institutional interest for the asset class. BlackRock’s ETHA is leading most of the inflows, now crossing $4.5 billion since inception. As per Farside Investors’ data, the net inflows into spot Ethereum ETFs on Thursday were $91.9 million, of which BlackRock’s ETHA alone contributed $50.4 million. On the other hand, Fidelity’s FETH contributed $38.3 million. But citing the cost basis for ETHA and FETH, Glassnode reported that the average investor here… Read More at Coingape.com

The post Ethereum ETF Inflows Won’t Impact the Price: Glassnode appeared first on CoinGape.

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