Surprising Inflows: Ethereum ETFs Garner $49M Amid ETH Price Drop

The crypto market is bearish, with Ethereum among several top tokens down double figures in the past week. Despite this grim trend, there is still some optimism as U.S.-listed spot ether (ETH) exchange-traded funds (ETFs) recorded net inflows of nearly $49 million on Monday, indicating a strong demand for the leading altcoin.

Amidst this market fluctuation, PawFury is emerging as a presale project to watch. It promises high returns with seemingly predictable patterns and stands out in the volatile crypto landscape.

Pawfury (PAW) – A New Top-Tier Contender

Pawfury (PAW) is rapidly emerging as a top-tier contender in the cryptocurrency market. With its unique blend of advanced technology and practical utility, Pawfury (PAW) sets itself apart from other coins. Making it an attractive investment option. Backed by a strong and growing community and continuous development, Pawfury (PAW) demonstrates significant growth potential. This strategic positioning and innovative approach make Pawfury (PAW) a standout choice for investors looking for high returns in a competitive market.

Presale is Live Now – Join Now for a Chance to Benefit with PAWStrategic Investment Approach in Pawfury The presale of Pawfury is strategically designed to benefit investors and ensure fair token distribution. With several stages and price increases, early participants enjoy lower entry costs. This structure not only generates excitement but also attracts necessary capital, boosting liquidity and market stability.

To celebrate its success, investors can now enjoy a 10% extra bonus on their first purchase on Pawfury using the promo code “EXTRA10X” for a limited time.

Presale is Live, Learn More About Major Benefits

Ethereum ETF See Significant Volumes Despite Market Dip

Ethereum experienced its worst price dip since 2021, with the altcoin dumping by 20%, leading to over $340 million in ETH futures liquidations. This dip did not deter the market but led to renewed interest by professional investors in accumulating ETH ETFs at a cheaper price. 

Data tracked by SoSoValue shows ETH ETFs traded over $715 million, the highest since July 30. BlackRock’s ETHA led inflows at $47 million. Fidelity’s FETH and VanEck’s ETHV recorded $16 million in inflows each. Grayscale’s ETHE was the only product with outflows at $46 million, while the provider’s smaller Ethereum Mini Trust (ETH) recorded inflows at $7 million.

Meanwhile, some market observers pointed out that applications built on the Ethereum network showed resilience amid the steep declines – a sign of strong fundamentals.

Ethereum Price Analysis 

Ethereum’s price has been under significant pressure after failing to break above the $3.5K level. The subsequent rejection from the $3K level has led to a sharp increase in market sell orders. 

This surge in selling activity has driven the Taker Buy/Sell Ratio to its lowest values since 2021, indicating strong bearish sentiment among futures market participants. This bearish sentiment suggests that futures traders are anticipating further declines in Ethereum’s price in the short term.

Final Thoughts

As Ethereum continues to struggle with its price movement, Pawfury stands out among these options with its lucrative presale and 10% extra bonus. It is important that investors do their own research and due diligence. Thoroughly evaluating the risks, understanding market conditions, and considering individual financial situations will help ensure well-informed investment decisions.