Spot Ether ETFs clock $5.4B monthly inflow record amid 20-day streak

Spot Ether ETFs recorded $5.43 billion in net inflows in July, marking a 369% monthly surge and extending their daily inflow streak to 20 consecutive days.
United States Spot Ether exchange-traded funds (ETFs) hit a new milestone in July, recording $5.43 billion in net inflows, their highest monthly total since launch, according to ETF tracker SoSoValue.  July’s performance represented a 369% increase over June’s total net inflow of $1.16 billion, showing a significant surge in investor interest. It also eclipsed previous months like May’s $564 million, April’s $66.25 million and overturned March’s outflow record of $403 million.  The latest figures brought total cumulative net inflows for Ether (ETH) ETFs to $9.64 billion, a 129% increase over June’s total. Total net assets across all spot Ether ETFs rose to $21.52 billion, up 108% from $10.32 billion a month earlier.Read more

Source: cointelegraph.com (Read Full Article)