According to a recent update on ETH ETFs as of May 6, the total net inflow in the market stands at -$17.87 million, indicating a decrease in inflow. The cumulative total inflow is reported at $2.49 billion. The total value traded now reads $135.25 million, with all the assets across the market now at $6.18 billion, making up 2.88% of the Ethereum market cap.
ETHE ETF trading price falls despite +0.03% premium
SoSoValue provides extensive data representation regarding funds, including ETHE, ETH, and FETH, which operate on NASDAQ, NYSE, CBOE, and additional exchanges. The NYSE-listed ETHE holds $2.02 billion in net assets while showing a +0.03% premium level. ETHE’s trading price fell 1.66% to settle at $14.84 per share as investors completed 1.76 million transactions during the day.
ETH, another asset, also saw a decline of 1.87% in its market price, reaching $16.80. It had a trading volume of 1.15 million shares and total assets of $861.03 million. Meanwhile, FETH, managed by Fidelity, reported a more substantial drop of 1.82% to $17.83, with a daily traded volume of 639,670 shares and net assets of $739.41 million. This asset’s performance indicates a significant retreat in its price.
QETH falls 1.42%, indicating a broader bearish market shift
Smaller assets like ETHW and EZET also showed declines. ETHW, linked to Bitwise, dropped 1.92%, while EZET saw a 1.85% reduction. These assets showed relatively low daily trading volumes, with ETHW trading 205,000 shares and EZET only 65,180 shares. The low trading volumes further indicate investor hesitation.
Other funds, including CETH and QETH, also went down, with QETH having it worse with a 1.42% drop in value. CETH was down 1.32% and was trading at $18.15, having $21.05 million in total assets. The movement across these assets also increases the dominance of the current bearish environment in the ETF market.
