The funds traded on the Store Ethereum Stock Exchange in the US on Thursday recorded net entries of $ 639.6 million, marking the eighth consecutive day of positive flows. The recent figure comes after a historic record of Monday, of $ 1.02 billion, the largest one -day entrance since the launch of these products. ISHARES ETHREUM TRUST (ETHA) from Blackrock led the activity on Thursday, attracting $ 519.7 million, according to data from SOSVALUE. Grayscale Ethereum Mini Trust followed $ 60.7 million, while Fidelity Ethereum Fund (Feth) from Fidality recorded $ 56.9 million. The ETF Spot Ethereum from Invesco also reported smaller but positive entrances.
Recent growth has pushed cumulative entries for the US Spot Ether ETFs to $ 3.71 billion in the last eight trading days. The sustained demand came against the background of renewed optimism on the cryptocurrency market, Ethereum trading near his historical highs earlier this week. At 1:50 am on Friday, Ethereum had a price of $ 4,612, down 2.6% in the last 24 hours, but up 18.6% during the week. Rally caused the Chartered Standard Bank to pick up its price target for the end of the year for ETH to $ 7,500, almost doubled its previous $ 4,000 forecast.
ETF Bitcoin products have also recorded an increased activity. The US Spot Bitcoin ETFs registered net entries of $ 230.9 million on Thursday, more than double $ 86.9 million. ETF entries remain one of the most pursued indicators on the digital assets market. Analysts say that periods sustained by several days of capital entries often reflect institutional participation and positioning long -term investments, especially when combined with strong performance on the spot market. Join the 33,000+ subscribers. No spam, only useful info.