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- Welcome Kevin_Lee to the Gate Square! 🎉
Looking forward to more great crypto insights from him.
Check out and engage with Kevin_Lee’s latest post!
👉 Post: https://www.gate.com/post/status/11758920
👉 Profile: https://www.gate.com/profile/Kevin%20Lee
Let’s give Kevin_Lee a warm welcome! 👏👏👏
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📄 More info 👉 https://www.gate.com/announcements/article/45695 - 🎉 Gate Alpha Second Points Special Airdrop is coming!
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📸 Alpha Points Snapshot: June 24, 16:00 (UTC)
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The inflow of funds into the Ethereum ETF reached 40 million dollars in the week as BlackRock's ETHA led.
Data from SoSoValue shows that the capital inflow into Ethereum spot ETF funds from June 16 to June 20 recorded a strong net inflow of 40.24 million USD. The most prominent ETF fund is Blackrock's ETHA, with an impressive weekly net inflow of 48.19 million USD, bringing its total net inflow to a significant figure of 5.28 billion USD. Following is the Grayscale Ethereum Mini Trust ETF ETH, which attracted 10.59 million USD during the same period, pushing its total net inflow to 745 million USD.
However, not all funds shared rewards this week. Fidelity's FETH ETF fund has encountered a significant setback, with a weekly net capital flow of 14.91 million USD, although its total net capital flow remains substantial at 1.58 billion USD.
As of the latest reports, the Ethereum spot ETF market has a total net asset value of $9.6 billion, accounting for 3.28% of Ethereum's total market value. The historical net capital inflow for these ETF funds has reached $3.89 billion, highlighting the increasing appeal of Ethereum-based investment products amid the continuously evolving cryptocurrency landscape.