Ethereum ETFs Update: ETH Funds Face Market Struggles Despite Positive Inflows

News

  • Grayscale Ethereum Trust sees a significant outflow of $4.17 billion despite positive cumulative inflows.
  • BlackRock’s Ethereum ETF saw a small premium increase but recorded net outflows and a market price drop.
  •  Fidelity Ethereum Fund shows moderate asset growth with a net inflow of $3.45 million despite a price decline.

According to a recent SoSoValue update on Ethereum Traded Funds as of March 20, the total net inflow for the day stands at a negative $12.41 million. Meanwhile, the cumulative total net inflow remains positive at $2.44 billion.

Grayscale ETHE and BlackRock ETFs Report Declines

A deeper view of the update indicates that the Grayscale Ethereum Trust (ETHE) recorded a slight decrease of -0.03% in its premium/discount value, with a net outflow of $4.17 billion. It has net assets worth $2.40 billion, with an Ethereum share of 1%. The market price of ETHE has also decreased by 2.89%, trading at $16.45, with a daily volume of 2.57 million.

Source: SoSoValue

BlackRock’s Ethereum ETF (ETHA) experienced a small premium increase of +0.02%. The net inflow stands at -$8.96 million, with total assets at $2.36 billion. ETHA’s market price dropped by 2.93%, reaching $14.93, and it recorded a trading volume of 7.07 million.

Funds Dip Stretches: ETHE $18.58, FETH $19.15, ETHW $14.14

Grayscale’s primary Ethereum fund (ETH) has shown no change in its premium/discount as of March 20, with a net inflow of $583.93 million. It holds assets worth $913.90 million. The fund’s market price dropped by 2.98%, trading at $18.58, while its trading volume was 1.32 million.

Fidelity’s Ethereum fund (FETH) saw a net inflow of $3.45 million, increasing its assets to $785.75 million. However, it experienced a market price decline of 2.98%, with a daily volume of 738,080 units.
Bitwise’s Ethereum fund (ETHW) continues to see minimal activity, with assets at $93.14 million. Its price fell by 3.02%, reaching $14.14. The trading volume was 202,860. VanEck’s Ethereum product (ETHV) experienced no significant change in its premium/discount. It holds assets of $93.14 million and faced a price decrease of 3.02%.

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