BTC

$98378.31

4.73%

ETH

$3358.331

9.71%

BNB

$623.432

3.11%

XRP

$1.178

8.63%

News

US Ethereum Spot ETF Net Inflow Reaches $17 Million

October 15, 2024 - Around 2 mins mins to read

Key Points:

  • The Ethereum spot ETF recorded a net inflow of $17.0656 million on October 14, indicating rising investor interest.
  • BlackRock ETF Leads the Pack: BlackRock’s Ethereum ETF (ETHA) topped the list with a $14.313 million daily inflow, totalling $1.223 billion historically.
  • Grayscale ETFs Show Mixed Results: Grayscale’s ETHE and ETH experienced $0.00 daily net outflows, with ETHE’s historical outflow reaching $2.981 billion.
According to the latest data from SoSoValue, the Ethereum spot ETF realized its total net inflow of $17.0656 million on October 14.
US Ethereum Spot ETF Net Inflow Reaches $17 Million!

Ethereum Spot ETF Records Significant Daily Net Inflow

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 ETFs Struggle Amidst Competitive Market Landscape

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.

ethereum etf

Ethereum Spot ETF

Ethereum Spot ETF Net Inflow

US Ethereum Spot ETF

Avatar of Annie

Author

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.
News

US Ethereum Spot ETF Net Inflow Reaches $17 Million

Key Points:

  • The Ethereum spot ETF recorded a net inflow of $17.0656 million on October 14, indicating rising investor interest.
  • BlackRock ETF Leads the Pack: BlackRock’s Ethereum ETF (ETHA) topped the list with a $14.313 million daily inflow, totalling $1.223 billion historically.
  • Grayscale ETFs Show Mixed Results: Grayscale’s ETHE and ETH experienced $0.00 daily net outflows, with ETHE’s historical outflow reaching $2.981 billion.
According to the latest data from SoSoValue, the Ethereum spot ETF realized its total net inflow of $17.0656 million on October 14.
US Ethereum Spot ETF Net Inflow Reaches $17 Million!

Ethereum Spot ETF Records Significant Daily Net Inflow

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 ETFs Struggle Amidst Competitive Market Landscape

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.