Ethereum ETFs recorded a daily net inflow of $48 million in the global market turmoil

Despite significant global market volatility and widespread selling pressure, investors injected millions of dollars into the US spot Ether exchange-traded fund on Monday. Disappointing US employment data and contracting manufacturing activity led to significant declines in the Dow Jones Industrial Average, S&P 500, and Nasdaq Composite Index. However, the Ether exchange-traded fund saw a net inflow of $48.7 million, indicating sustained interest in the encryption market.