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I noticed that spot Ethereum funds saw strong cash movement last week, with net inflows of about $187 million. Interestingly, the ETHA fund from one of the largest asset managers was the star, with weekly inflows reaching $168 million. In other words, ETHA’s historical figures now stand at $11.73 billion, reflecting major investors’ confidence in the product.
What’s exciting is that alongside ETHA, another fund from the same provider called ETHB attracted $66 million weekly, but outflows were also present. Fidelity’s fund saw outflows of about $62 million, but its total historical balance is still at $2.23 billion. The big picture now is that total assets of spot Ethereum funds have reached $12.96 billion, with net historical inflows totaling $11.67 billion.