CandleFocus Ethereum ETF Validates Inflow Streak, ETH Price Reacts
2024-11-08
Author: Content Editor
Ethereum exchange-traded funds (ETF) have experienced a significant increase in inflows, marking a shift in investors' outlook on the product. Data shows that nine Ethereum ETF products received a total inflow of $79.7 million, a $27.4 million increase from the previous inflow. Fidelity, BlackRock, and VanEck were the top contributors. This surge in interest comes as Ethereum's price continues to rise, reaching $2,921.88, with the potential for prices to surpass $3,000 if the positive sentiment continues.
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