Ethereum's recent surge has brought it into the spotlight. This has also positively impacted spot ETH ETFs. As ETH continues its steady rise, US spot Ethereum ETFs saw a total net inflow of $1.02 billion on August 12, data shows. Accordingly, the total net inflow of spot Ethereum ETFs reached an all-time high, while BlackRock's Ethereum ETF ETHA also recorded the largest net inflow in history. The $1.02 billion inflow was the largest single-day total since the ETH ETF's launch. It also marked the first time daily inflows exceeded $1 billion. According to Farside Investors data, BlackRock’s ETHA fund led the way with $639.8 million in inflows, followed by Fidelity’s FETH fund with $276.9 million and Grayscale’s mini ETH fund with $66.6 million. Grayscale's ETHE fund saw inflows of $13 million, Van Eck's ETHV fund $9.4 million, Franklin's EZET fund $4.9 million, Bitwise's ETHW fund $4.30 million, and 21Shares' CETH fund $3.9 million. While ETH ETFs saw the largest inflow since their launch, ETF Store president Nate Geraci stated that ETFs are underestimated. Geraci said that ETH ETFs have been underestimated due to institutional investors' lack of understanding of Ethereum to date. However, he added that the situation has changed and institutional investors have started to show interest in ETH and ETH is now being seen as the backbone of the financial markets. “There is a feeling that spot Ethereum ETFs are seriously undervalued because tradfi investors don't understand ETH… Bitcoin had a nice, clean description: “digital gold” However, it takes longer for investors to understand ETH. Now Ethereum is being talked about as the backbone of the future financial markets.” *This is not investment advice. Continue Reading: Historic Day for Ethereum: Ethereum ETFs Break Record! Analyst Explains Why ETH Has Underperformed So Far!
