Ethereum spot ETF sees net inflows on its first day! Selling pressure on Grayscale ETHE eases, likely to be included in institutional portfolios.

The Ether spot ETF has been trading for the sixth day, with the daily inflow finally turning positive for the first time, achieving a net inflow of $33.7 million. This is believed to be due to the slowdown in outflows from Grayscale ETHE. Meanwhile, a BlackRock investment manager pointed out that some investment banks are studying the inclusion of Ether ETFs in their portfolios.

Ethereum Spot ETF Sees Net Inflows for the First Time

Farside Investors data shows that, similar to previous data, out of nine Ethereum spot ETFs currently available, eight have experienced net capital inflows, with Grayscale's ETHE remaining the only target with net outflows.

The good news is that the overall market achieved a positive daily net inflow on today's market holiday, amounting to $33.7 million. This marks the first occurrence of a positive capital inflow since listing, reversing the trend of $546 million outflows over the past four days.

However, there is still a net outflow of $406 million in overall statistical flow.

BlackRock's ETHA Sees Second Highest Inflows Since Market Debut

BlackRock's ETHA saw a net inflow of $118 million today, approximately double the volume from yesterday and the second-best performance since its market debut of $266 million.

This inflow brings ETHA to a total inflow of $618 million, making it a leader in the Ethereum spot ETF field.

Competitors such as Bitwise ETHW and Franklin EZET performed similarly to usual, with inflows around $3.5 million each.

Grayscale ETHE Outflows Gradually Decreasing

The main reason for the positive net inflows continues to be the trend of decreasing outflows from Grayscale ETHE, with net outflows decreasing from $480 million last week to $120 million today, which is a quarter of the outflow volume on the listing day.

Currently, over 20% of the fund holdings have been sold off. Farside indicated that the outflow rate seems to be decreasing according to.

BlackRock Investment Chief: ETH ETF Likely to be Included in Institutional Portfolios

Notably, BlackRock's ETF investment chief Samara Cohen recently revealed in an interview with Bloomberg that Ethereum ETFs are set to become part of the portfolios offered by major investment banks by the end of this year.

Cohen pointed out that some asset management companies are currently conducting risk analysis and due diligence, studying whether Bitcoin and Ether are suitable for inclusion in their portfolios:

What's going to happen towards the end of this year and into next year is we're going to see how they're being allocated in portfolios and how we can better guide investors on how to use them.

She emphasized that portfolios offered by major investment service brokers are typically diversified asset allocations to ensure a balance between risk and return:

At this point, even though Bitcoin and Ether are two very different asset classes and use cases, they are both well-suited as tools for portfolio diversification.