Ethereum ETF just hit $717M daily record - here's why smart money is ditching Bitcoin
Key Points
- Ethereum ETFs set a new record with $717 million in a single...
Ethereum ETFs just crushed their previous record like a trader's New Year's resolution to stop checking prices every five minutes. On July 16, these digital asset darlings pulled in a jaw-dropping $717 million in a single day, making their previous record of $428 million look like pocket change at a Vegas casino.
BlackRock's ETHA led the charge with $489 million, while Fidelity's FETH managed a respectable $113 million. To put this in perspective, US spot Ether ETFs now control over 5 million ETH - that's more than 4% of all Ethereum floating around. It's like owning 4% of all the pizza in Ne...
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