Fidelity’s spot Ethereum ETF has reportedly purchased 10,100 ETH, valued at approximately $21.7 million. This move marks a significant step as institutional interest in Ethereum continues to grow.
Key Highlights:
- Fidelity’s Ethereum ETF is actively accumulating ETH, signaling strong confidence in the asset.
- The purchase comes amid rising anticipation for Ethereum ETF approvals in the U.S.
- Institutional adoption of ETH is gaining momentum, following the success of spot Bitcoin ETFs.
Market Impact:
The news has boosted optimism around Ethereum, with investors closely watching ETF inflows as a key driver of future price action. If demand from institutional investors continues, ETH could see further upside in the coming months.
