Ethereum ETFs See Positive Inflows as BlackRock's ETHA Fund Leads with $49.6 Million

Exchange-traded funds (ETFs) focused on Ethereum experienced modest but positive inflows on October 31, with a total of nine Ethereum ETFs reporting collective net inflows of $13 million. This growth was primarily driven by BlackRock's ETHA fund, which alone attracted new inflows of $49.6 million.

In contrast, Grayscale's ETHE fund faced outflows amounting to $36.6 million, while the other Ethereum ETFs remained relatively stable throughout the day.

From a trading perspective, Ethereum registered a notable increase of 3.91% over the past twenty-four hours, with its price reaching approximately $2,530, according to CoinMarketCap. Despite this fluctuation, Ethereum continues to hold its status as a leading digital currency, ranking second in terms of market capitalization.

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