Fidelity's $28.6M ETH Buy Revives ETF Inflows Near $1,650

Ethereum spot ETFs are showing early recovery signs after June 9 outflows, driven by Fidelity’s FETH recording $28.57 million in single-day inflows—the strongest since late April. The rebound follows an $82.37 million inflow day on June 8 that was reversed by $40.83 million in redemptions led by Grayscale and BlackRock products. Institutional accumulation continues elsewhere, with BitMine tripling weekly purchases to 126,971 ETH and lifting total holdings to 5.54 million tokens. ETH trades near $1,651-$1,657 amid extreme-fear readings, while total ETF assets stand at $9.13 billion.