Ethereum ETFs Lose $136M in a Day, but Cumulative Net Inflows Stay Strong at $2.67B

News

  • Daily total net inflow for US Ethereum Spot ETFs stands at -$136.25M, reflecting significant fund outflows.
  • Grayscale’s ETHE leads with $4.25B in net assets but recorded a 5.67% daily price decline to $26.30.
  • BlackRock’s ETHA shows resilience with a $20.69M daily inflow, though its price dropped by 5.78% to $23.79.

In a recent SoSoValue update of US Ethereum Spot ETFs’ performance as of January 27. The daily total net inflow stands at -$136.25M, indicating an outflow of funds. However, the cumulative total net inflow reached $2.67B, reflecting a long-term positive trajectory. The total value traded amounted to $469.63M, while the total net assets accounted for $11.30B, equivalent to 2.98% of Ethereum’s market capitalization.

Grayscale’s ETHE Tops in Assets Despite a 5.67% Price Drop

Tracking the update in a detailed view, Grayscale’s ETHE led in net assets with $4.25B, representing 1.12% of Ethereum’s market share. ETHE recorded a daily net outflow of -$84.24M, showing significant investor withdrawals. The market price for ETHE dropped to $26.30, marking a 5.67% daily decline.

Source: SoSoValue

The NASDAQ-traded ETHA fund from BlackRock suffered $20.69M in daily assets flowing in and $3.99B in total past in-flow activity. ETHA possesses $3.75B in net assets distributed across a $23.79 market value yet exhibits a 5.78% daily price drop.

While Grayscale’s ETH fund held net assets valued at $1.47 billion, it did not report any change in daily fund inflows. The daily market performance showed a 5.57% reduction in price that tiêuulled ETHA’s valuation down to $29.65 per share.

VanEck’s ETHV and Franklin’s EZET ETFs See Steady Inflows

Fidelity’s FETH ETF experienced a net outflow of -$68.46M but maintained cumulative net inflows of $1.39B. The fund’s net assets totaled $1.29B, with a market price of $31.42, declining by 5.73% daily. 

Bitwise’s ETHW ETF reported net assets of $327.53M and a daily net outflow of -$4.23M. ETHW’s market price was $22.55, with a daily change of -5.69%. VanEck’s ETHV fund recorded net assets of $142.13M and a daily market price decrease of 5.71% to $46.04.

Franklin’s EZET ETF saw cumulative net inflows of $37.65M and net assets of $38.95M. Its market price dipped to $23.87, keeping a 5.80% daily drop. Invesco’s QETH ETF and 21Shares’ CETH ETF reported net assets of $24.12M and $16.77M, respectively. Both funds experienced daily price drops of over 5%.

The post Ethereum ETFs Lose $136M in a Day, but Cumulative Net Inflows Stay Strong at $2.67B appeared first on Cryptonewsland.

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