Ethereum ETFs Struggle:  Market Volatility, Mixed Inflows and Price Declines

News

  • Grayscale’s ETH Trust saw significant outflows of $10.70M, contributing to a cumulative loss of $2.67B as prices fell by 6.02%.
  • BlackRock’s Ethereum Strategy ETF reported a positive daily inflow of $4.72M despite a 6.08% drop in market price to $16.83.
  • Total net assets across all ETH ETFs reads at $6.09B, accounting for 2.33% of Ethereum’s market cap.

As of September 6, the Ethereum (ETH) ETF market experienced notable fluctuations in net inflows and asset prices, reflecting a period of market uncertainty. The daily total net inflow for all listed ETH ETFs amounted to at negative value of -$5.98 million. This decline is part of a larger cumulative total net inflow of -$568.30 million.

Ethereum ETFs Trade $210.43M 

According to SoSovalue, the total value traded in ETH ETFs was recorded at $210.43 million, demonstrating active trading and highlighting a market under pressure. The total net assets across these ETFs stood at $6.09 billion, which accounts for 2.33% of Ethereum’s total market capitalization. 

Source: SoSoValue

Breaking down the daily net flows of individual ETFs, the Grayscale Ethereum Trust (ETHE) was seen redeeming at—$10.70 million. Thus, it recorded a cumulative net outflow of -2.67 billion dollars. 

This has left ETHE with total net assets of $3.91 billion, and its market price fell by 6.02% to $18.75. The ETF’s share of Ethereum’s market capitalization is 1.50%, with a relatively high fee ]structure of 2.50%.

ETHA Gains $4.72M, FETH Holds $290M

In contrast, the Ethereum Strategy ETF (ETHA) saw a positive daily net inflow of $4.72 million, reading its cumulative net inflow to $1.02 billion. ETHA’s market price dropped by 6.08% to $16.83, yet it managed to increase its net assets to $752.32 million. The ETF’s share of the Ethereum market remains at 0.29%, with a fee of 0.25%.

Other notable ETFs include Fidelity’s FETH, which saw no net inflows or outflows for the day, maintaining its net assets at $290.28 million and experiencing a 6.01% drop in market price to $22.22. The cumulative net inflow for FETH remains positive at $397.81 million. The smaller ETFs like ETHW by Bitwise and QETH by Invesco also reported negative price changes, though ETHW experienced a cumulative net inflow of $314.02 million.

The post Ethereum ETFs Struggle:  Market Volatility, Mixed Inflows and Price Declines appeared first on Crypto News Land.

Earn more PRC tokens by sharing this post. Copy and paste the URL below and share to friends, when they click and visit Parrot Coin website you earn: https://parrotcoin.net0

PRC Comment Policy

Your comments MUST BE constructive with vivid and clear suggestion relating to the post.

Your comments MUST NOT be less than 5 words.

Do NOT in any way copy/duplicate or transmit another members comment and paste to earn. Members who indulge themselves copying and duplicating comments, their earnings would be wiped out totally as a warning and Account deactivated if the user continue the act.

Parrot Coin does not pay for exclamatory comments Such as hahaha, nice one, wow, congrats, lmao, lol, etc are strictly forbidden and disallowed. Kindly adhere to this rule.

Constructive REPLY to comments is allowed

Leave a Reply