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Yesterday, in a single day, the spot ETFs on ETH overall recorded inflows of more than 295 million dollars.  This is the all-time high, so far, regarding daily inflows on Ethereum ETFs.  The half flop of the ETFs on ETH The spot ETFs on ETH on the US exchanges were launched at the end of July, that is, three and a half months ago.  In this period, they have overall recorded net outflows totaling approximately 30 million dollars.  So for now it has been a half flop, even though things have been changing lately.  The fact is that the main one of these ETH, Grayscale’s ETHE, is actually a fund that was created years ago and was converted into an ETF only this year. Previously, ETHE was unable to liquidate the excess ETH, and thus over the years it accumulated too many ETH compared to its market value. When it became an ETF, it was finally able to get rid of the excess ETH, so much so that from the end of July until now it has recorded total outflows of more than 3.1 billion dollars.  Such outflows have not been completely offset by an equal number of inflows into the new spot ETH ETFs, even though since the day of Trump’s victory things have changed. The turning point of Ethereum (ETH) ETFs From November 6 to yesterday, for four consecutive stock market sessions (on weekends traditional stock markets are closed), all spot ETFs on ETH recorded daily net inflows, including ETHE.  Therefore, the climate regarding this has completely changed, so much so that November 4th had closed with a total outflow since the end of July of almost 5 and a half billion dollars.  Instead, in the last four consecutive sessions alone, total inflows of approximately 5.1 billion dollars…

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Filed under: News - @ November 12, 2024 6:25 pm