- Institutional inflows highlighted Ethereum’s rising prominence in regulated financial assets like ETH ETF products.
- Ethereum surged to $3,830 with $39.3B in 24-hour trading volume, signaling momentum.
Ethereum [ETH] has captured the spotlight once again, as ETFs managed by financial powerhouses BlackRock and Fidelity have made a combined purchase of $500 million worth of ETH in just two days.
The transactions, executed primarily via Coinbase’s institution-focused platform, Prime, highlights the growing institutional appetite for Ethereum.
With ETH surging to $3,830 and 24-hour trading volume climbing to $39.3 billion, this wave of ETF inflows marks a pivotal moment for Ethereum’s trajectory, further solidifying its position as a cornerstone of the digital asset landscape.
Impact on market performance
Source: Yahoo Finance
The combined $500 million purchase of Ethereum by BlackRock’s ETHA and Fidelity’s FETH ETFs over the past two days signals a profound acceleration in institutional interest.
With trading volumes for ETHA and FETH surging to $372.4 million and $103.7 million, respectively, on the 10th of December, the scale of these inflows marks a pivotal moment in ETF activity.
Ethereum’s price, at $3,830 at press time, reflected a 5.1% rise, underpinned by 24-hour trading volumes reaching $39.3 billion.
