Despite a dampened crypto market, Ethereum ETFs are showing signs of recovery. While initial investments fell short of Bitcoin ETFs, recent data indicates a potential trend reversal. Over the last six trading days, Ethereum ETFs experienced inflows on three days, contrasting with previous outflows over three weeks. BlackRock's ETH BUIDL Fund has tripled in value to $1.87 billion in just three weeks, signaling growing institutional interest. Upcoming Pectra upgrades aim to enhance scalability and reduce transaction fees, further bolstering Ethereum's prospects.
Ethereum ETFs Show Signs of Recovery Amid Market Downturn
Edited by: Yuliya Shumai
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