Ethereum Spot ETF Sees $22.2 Million Inflow: Fidelity FETH and Grayscale Mini ETH Lead the Way

On May 17th, COINOTAG News reported significant developments in the **Ethereum** market. According to *Farside Investors*, a notable **net inflow** of **$22.2 million** was identified within the US **Ethereum spot ETF**. This influx signifies a growing institutional interest in Ethereum amid evolving market dynamics. Key contributors to this surge include **Fidelity’s FETH**, which saw an impressive increase of **$13.6 million**, and the **Grayscale Mini ETH**, attracting an additional **$8.6 million**. These figures highlight the robust demand for **Ethereum** amidst a relatively volatile market, indicating that institutional investors are increasingly recognizing the asset’s potential. As we progress further into 2023, market watchers should closely monitor such inflows, as they could signal longer-term bullish trends for both Ethereum and the broader cryptocurrency landscape.