Unfazed by price drops, Ethereum spot ETF sees net inflows of $48.8 million

Although Ether dropped to $2,111 in the early morning Taiwan time yesterday, it did not continue to decline with the U.S. stock market opening. Instead, the Ethereum spot ETF recorded a net inflow of $48.8 million, the second-highest flow since its listing on 7/23.

Continuous decline! ETH plummeted to $2,111 this morning, Jump Trading is liquidating Ether.

Ethereum Spot ETF Records Net Inflow of $48.8 Million

According to data from Farside Investors, the Ethereum Spot ETF recorded a net inflow of $48.8 million yesterday, the second-highest volume since its listing on 7/23. BlackRock's ETHA saw a net inflow of $47.1 million, Fidelity's FETH had an inflow of $16.2 million, and VanEck's ETHV had an inflow of $16.6 million.

The grayscale Ethereum fund ETHE, which has long been considered a "rat poop," has gradually reduced the amount of net outflows, decreasing from $480 million on the first day to $46.8 million yesterday. However, since the listing of the Ethereum Spot ETF, ETHE has already seen outflows of $2.16 billion, with total assets remaining at $4.72 billion. It seems that there may be limited further outflows!

Bitcoin Spot ETF Records Net Outflow of $168 Million

However, the Bitcoin Spot ETF experienced fund outflows as Bitcoin prices declined. Fidelity's FBTC saw an outflow of $58 million, Ark Invest's ARKB had an outflow of $69 million, and Grayscale's GBTC also had an outflow of $69.1 million.