Ethereum ETF activity surges with $240M traded and $6.49M net inflow

By Peter Macharia - Technical Analyst
Disclaimer: Cryptocurrencies are a high-risk asset class. This article does not constitute investment advice and is provided for informational purposes only. You could lose all of your capital.
Ethereum
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In a recent SoSoValue update, the Ethereum ETFs recorded a daily net inflow of $6.49 million. Following this, the cumulative net inflow now stands at $2.49B, while total net assets read at $6.39 billion, which is 2.88% of ETH’s market cap. The total value traded during the same session was reported at $240.71 million.

BlackRock’s ETHA tops Ethereum ETF market with $2.32B in net assets

Among all Ethereum ETFs, BlackRock’s ETHA led in net assets with $2.32 billion, and no daily inflow was recorded. ETHA closed with a 3.25% daily gain, a market price of $13.96, and 8.30 million shares in volume.

Source: SoSovalue

Grayscale’s ETHE reported the largest outflow of $11.96 million, bringing its cumulative net outflow to $4.30 billion. ETHE ended the session with a 3.30% price increase and $57.67 million in traded value.

Grayscale’s other product, Ethereum, showed a daily inflow of $11.98 million and a cumulative inflow of $616.98 million. Its net assets reached $889.61 million, with a daily gain of 3.27%. Fidelity’s FETH recorded a $6.47 million daily inflow, pushing its total inflow to $1.46 billion and assets to $783.14 million.

21Shares and Invesco ETFs gain over 3%

Bitwise’s ETHW posted no daily net flow, keeping its cumulative total at $317.01 million. Its market price closed at $13.23 with a 3.20% increase. VanEck’s ETHV also had no net flow but closed up 2.35%, with $82.66 million in net assets. Franklin’s EZET had a total of $36.50 million in cumulative inflow, while daily trading volume reached 88.83K.

The lowest net assets belonged to 21Shares’ CETH and Invesco’s QETH, which held $16.55 million and $15.70 million, respectively. Both ETFs posted gains of over 3% and recorded minor inflows. QETH closed at $18.43, while CETH ended at $9.22 with over 324.53K in daily volume.

All the ETFs recorded price increases for the day. The average daily gain ranged between 2.35% and 3.48%, with market prices adjusted accordingly. Ethereum share representation across these ETFs remained below 1.1%.

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Peter Mwangi is a skilled crypto news writer with over three years of experience in the writing industry. He is known for his well-researched, insightful content and has contributed to major crypto publications. Peter, committed to learning and teamwork, brings great storytelling and leadership skills to the BTCRead team. You can reach out to Peter at petermwangi@btcread.com.
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