Key Points:
Of the Ethereum ETFs, the BlackRock ETF, ETHA, led the pack with an astonishing $14.313 million daily net inflow, while the total historical net inflow stood at $1.223 billion. The second in rank was the Fidelity ETF, FETH, which posted a daily net inflow of $1.3115 million and a cumulative historical net inflow of $456 million. These figures underpin confidence in Ethereum as an investment vehicle and mark a further evolution of strategies around cryptocurrency investments.
Read more: Monochrome Ethereum ETF Will Launch In Australia On October 15
Grayscale’s Ethereum Trust ETF had daily net outflows of $0.00, as did the Ethereum Mini Trust ETF with the ticker ETH. The former has seen a total historical net outflow of $2.981 billion, while the latter has had total net inflows of $298 million.
The net asset value in the Ethereum spot ETF stands at $7.195 billion as of the latest reporting date. In contrast, the net asset ratio against the overall market value of Ethereum stands at 2.28%. In this context, the cumulative net outflow is $542 million. However, inflows in the spot ETF suggest that a resumption of Ethereum’s market popularity might not be totally in the dust- a sign that investors continue to look for exposures to this dynamically changing asset class.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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