Editor's PiCK

US Ethereum Spot ETF Turns to Net Inflow After 4 Trading Days

Source
Doohyun Hwang

Summary

  • It was reported that the US Ethereum spot ETF turned to a net inflow after 4 trading days.
  • This net inflow was particularly concentrated in BlackRock's Ethereum ETF 'ETHA'.
  • Ethereum's price rose by 5.3% compared to the previous day based on the global exchange Binance, indicating increased investor interest.

The US Ethereum spot Exchange-Traded Fund (ETF) has turned to a net inflow after 4 trading days.

According to Farside Investors data on the 9th (local time), a total net inflow of $17.6 million occurred in the Ethereum spot ETFs traded in the US.

This inflow was concentrated solely in BlackRock's Ethereum ETF 'ETHA'. No net inflow or outflow occurred in other Ethereum spot ETF products except for ETHA.

On this day, Ethereum is trading at around $2330, up 5.3% from the previous day, based on the Tether (USDT) market of the global exchange Binance.

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Doohyun Hwang

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