Spot Crypto ETFs Saw Strong Inflows Wednesday as ETH (ETH) and BTC (BTC) Attract Capital: JPMorgan
U.S.-listed spot crypto exchange-traded funds (ETFs) saw strong net inflows Wednesday, with both ether
and bitcoin products continuing to draw investor interest despite declines in underlying asset prices, investment bank JPMorgan (JPM) said.
U.S. spot ether ETFs logged an estimated $84 million in net inflows on May 28, as investor interest held firm even with ether falling 1.3%, the bank said in a report published on Thursday.
Leading the pack was BlackRock’s iShares Ethereum Trust (ETHA), which brought in $52 million, followed by Fidelity’s Ethereum Fund (FETH) with $26 million. Grayscale’s mini ETH Trust and Invesco/Galaxy’s QETH added $5 million and $2 million, respectively, the bank noted.
Notably, ether ETFs recorded a…
