Category Ether ETFs

Spot ether ETFs have seen growing demand with cumulative net inflows now more than $13 billion, up from $2.6 billion in April, the report said.

Ether outperformed last month as volumes, ETF flows hit records, the report said.

BlackRock' ETHA led the way, registering inflows of just under $640 million, while Fidelity's FETH came second with $276.9 million

The process involves daily on-chain holdings verification, reconciling balances with the number of fund shares outstanding.

Investors are pouring capital into U.S.-listed ether ETFs, helping push the asset's price to $3,000.