Ethereum ETF Update: $12.01M Daily Drop Pushes Total Net Inflow Negative

News, Trending

  • Total net inflow for Ethereum ETFs was negative, dropping by $12.01 million.
  • Grayscale’s ETHE and ETHA saw price decreases despite notable cumulative inflows.
  • Most Ethereum ETFs experienced minor outflows and price declines as trading volumes remained low.

According to a recent SoSoValue update on Ethereum ETFs as of April 16, the total net inflow across all products was negative, with a daily decrease of $12.01 million, bringing the cumulative total to $2.24 billion.

Ethereum Grayscale’s ETH and ETHA Underperform with Price Declines

A deeper analysis of the market trends indicates that Grayscale’s ETHE, listed on the NYSE, reported a premium of -0.18% and a 1-day net outflow of $8.20 million. Its cumulative net inflow stood at -$4.24 million. ETHE has $1.86 billion in assets under management (AUM), and it represents 0.98% of Ethereum’s total market cap. The market price decreased by 0.15% to $13.18.

Source: SoSoValue

The ETF tracking Ethereum, ETHA, had a better performance with a premium of +1.32%. ETHA’s 1-day net outflow was $4.27 million, but its cumulative net inflow increased by $4.05 billion. The product’s AUM is $1.85 billion, representing 0.97% of the Ethereum market cap. ETHA’s price decreased by 0.25% to $11.98.

Meanwhile, Grayscale’s ETH product (ETH) on the NYSE showed a minimal decline of -0.04%. It experienced a $2.24 million net inflow in one day. Cumulatively, it gained $570.13 million. Its net assets are at $725.10 million, making up 0.38% of ETH’s total market cap. The price dropped by 0.33% to $14.91.

Fidelity’s FETH Shows Resilience Amid Market Decline

Fidelity’s FETH, listed on CBOE, showed a premium of +1.45%. Despite a 1-day net outflow of $0, it accumulated $1.36 billion in net assets. The AUM is 0.25% of Ethereum’s total market cap. The market price dropped by 0.10% to $15.81.

Bitwise’s ETHW, listed on the NYSE, reported a premium of +1.24%. The product had no significant net inflow or outflow. Its total assets stand at $569.02 million, which is 0.07% of Ethereum’s market cap. The price decreased by 0.10% to $11.36.
Other products, such as VanEck’s ETHV, Franklin’s EZET, Invesco’s QETH, and 21Shares’ CETH, show mixed results in terms of premiums, inflows, and assets. They generally experienced small net outflows, but their cumulative inflows indicate a broader market trend of minor decreases in asset value. These products also exhibit a downward movement in their respective market prices, ranging from a 0.10% to 1.19% decline.

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