Spot Ethereum ETFs Absorb Market Liquidity… Inflows Exceed $4 Billion in Two Weeks

YM Lee

Summary

The spot Ethereum (ETH) Exchange-Traded Fund (ETF) has recorded 13 consecutive trading days of capital inflows, with inflows approaching $4 billion in just two weeks.
Matt Hougan, CIO of Bitwise, stated that Ethereum ETPs still have a lower asset proportion compared to Bitcoin ETPs, so a continued bullish trend is expected.
On-chain analysis platform Lookonchain predicted that Ethereum’s current short-term demand is outperforming supply, suggesting that the strong price momentum will likely continue.

The spot Ethereum (ETH) Exchange-Traded Fund (ETF) is currently absorbing much of the liquidity in the cryptocurrency market.

On the 23rd (local time), cryptocurrency-specialized media Cointelegraph, citing SoSoValue data, reported, “The spot Ethereum ETF has recorded 13 consecutive trading days of capital inflows since the 2nd, with the total inflow during this period nearing $4 billion.”

Matt Hougan, Chief Investment Officer (CIO) at Bitwise, commented, “The proportion of Ethereum products in ETP investors’ portfolios is still low. While Ethereum represents 19% of Bitcoin’s market capitalization, the assets accumulated in Ethereum ETPs don’t even reach 12% of those held in Bitcoin ETPs,” forecasting continued bullish momentum.

On-chain analysis platform Lookonchain also stated, “Currently, Ethereum’s short-term demand is outperforming supply, and prices are expected to remain strong going forward.”

Ethereum is currently trading at $3,674 on the Binance Tether (USDT) market, up 0.81% from the previous day.

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