US spot Ethereum ETFs log fourth straight day of net inflows… but inflow size plunges

Source
Doohyun Hwang

Summary

  • It said the US spot Ethereum ETF market recorded net inflows for four consecutive trading days.
  • It noted a total of $34.55 million flowed into BlackRock’s spot Ethereum ETFs (ETHA, ETHB).
  • It said daily net inflows into spot Ethereum ETFs plunged from $115.85 million to $26.69 million, indicating weaker inflow momentum.

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Spot Ethereum (ETH) exchange-traded funds (ETFs) listed on US stock exchanges recorded net inflows for a fourth consecutive trading day. However, inflows, which had topped $100 million the previous day, shrank sharply, suggesting a pause to catch its breath.

According to SosoValue on the 13th (local time), the nine spot Ethereum ETFs trading in the US saw total net inflows of $26.69 million.

BlackRock’s spot Ethereum ETF (ETHA) drew $32.39 million, and another product from the same manager, ETHB, took in $216. Combined, the two funds directed a total of $34.55 million into BlackRock.

By contrast, Fidelity’s FETH, which had led inflows the day before, posted net outflows of $7.86 million, marking an opposing trend. The remaining six products—Grayscale’s legacy trust (ETHE) and mini trust (ETH), as well as Bitwise (ETHW), VanEck (ETHV), Franklin (EZET) and Invesco (QETH)—saw no inflows or outflows.

The spot Ethereum ETF market has extended its net-inflow streak to a fourth day, but the pace of inflows has visibly weakened. Data show that daily net inflows, which started at $12.59 million on the 10th and climbed to $57.01 million on the 11th and $115.85 million on the 12th, plunged to $26.69 million on the day.

Doohyun Hwang

Doohyun Hwang

cow5361@bloomingbit.ioKEEP CALM AND HODL🍀
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