Ethereum Spot ETF inflows surge to $91.2M following six-day outflow
The post Ethereum Spot ETF inflows surge to $91.2M following six-day outflow appeared on BitcoinEthereumNews.com.
Ethereum Spot ETF inflows surged to $91.2 million, reversing six consecutive days of outflows. BlackRock’s Ethereum ETF (ETHA) significantly contributed to this trend. The exchange-traded fund saw a notable single-day inflow of $99.67 million, reinforcing Ethereum’s position in institutional portfolios. This inflow pushed its total historical net inflow to $1.80 billion. Following was Fidelity’s FETH, which saw a net inflow of $5.76 million, bringing its total historical net inflow to $704 million. Grayscale Ethereum Trust ETF ETHE had a net outflow of $18.5621 million yesterday, and its historical net outflow is currently $3.338 billion. Grayscale Ethereum Mini Trust ETF had a net outflow of $620,000 yesterday, and its historical total net inflow is $367 million. Ethereum spot ETF inflows surge, signaling increased institutional confidence On November 22nd, Ethereum Spot ETF inflows rebounded substantially following six days of outflows. This return to positive inflows reflects increased investor interest in Ethereum as a digital asset. The renewed inflows demonstrate Ethereum’s growing popularity as a mainstream investment product. Such institutional support, for example, shows the growing desire for regulated investment choices related to blockchain assets. Sosovalue believes that this bodes well for Ethereum-based ETFs in the future. As of the time of publication, the total net asset value of Ethereum spot ETFs is $9.687 billion, with an ETF net asset ratio (market value relative to the overall market value of Ethereum) of 2.44% and a historical cumulative net inflow of $107 million. Source: SoSoValue BTC Spot ETF inflows continue to dominate the market Bitcoin Spot ETF inflows were robust, totaling $490M on November 22, marking five consecutive days of net inflows. According to data from SoSoValue, spot Bitcoin ETFs in the US now have around $107.488 billion in total assets, far surpassing other crypto ETFs. Their assets now account for around 6% of…
Filed under: News - @ November 23, 2024 9:26 am