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#ETH.# Ethereum's investment products have experienced a new wave of attention, with the spot ETF registered in the United States attracting over $100 million in funds in a single day.
At the forefront of this growth is Fidelity, which surpassed other issuers by adding over 27,000 ETH to its assets, worth approximately $60.5 million. This boost helped raise the total revenue of Ethereum ETFs in the U.S. to over $4 billion, despite the recent overall instability in the crypto market.
Fidelity's aggressive accumulation even surpassed BlackRock's ETF inflows on the same day, highlighting the growing interest of institutions in leading alternative coins despite ongoing macroeconomic uncertainty.
Analysts view this trend as part of a series of nine-week investments focused on ETH, which have increased by over $2.2 billion since the start of the bull market - the strongest similar growth since 2021.
The price of Ethereum saw a slight decline at the beginning of the month, but has since recovered, with an increase of over 7%, breaking the $2,400 mark. Activity on the blockchain also supports this trend, with the number of new wallets created weekly approaching 1 million, significantly higher than levels seen last summer.
The combination of stable capital inflows, increasingly active user activities, and a more favorable regulatory outlook may drive a new wave of momentum for Ethereum.