According to a recent SoSoValue update on Ethereum ETFs as of May 7, the total net inflow reads negative, with $21.77 million flowing out in the last 24 hours. However, the cumulative net inflow remains positive at $2.47 billion, with a total value traded of $123.21 million. Additionally, the total market share remains active with 2.85% of the total ETH market cap.
ETHA ETF maintains lead despite $21.77M daily loss
A deeper analysis indicates that, based on net assets, ETHA ETF is backed by BlackRock and listed on NASDAQ. This ETF has a total net asset value of $2.25 billion. Despite its strong presence, it experienced a daily outflow of $21.77 million.
The ETHE product, listed on NYSE and sponsored by Grayscale, has experienced no recent inflows or outflows but has a total net asset value of $2.04 billion. The fund has struggled with ongoing outflows, standing at -$4.30 billion cumulatively. The fees for these products range between 0.08% and 2.50%, with the ETHW product from Bitwise having the lowest fee rate of 0.20%.
The CETH and FETH products show more stable inflows
FETH has a daily increase of 13.68%, and CETH also exhibits positive movement, trading at $20.41. CETH, sponsored by 21Shares, has experienced a minor outflow in the last 24 hours but still maintains a relatively healthy total market cap.
While the market continues to show volatility, with certain products like ETHW showing increased daily trading volume with a price value of $212.52K, others like EZET and QETH have seen modest market movements. Despite this, the overall trading volume for Ethereum-based ETFs is steadily rising, with products like ETHW and FETH exhibiting strong demand.
The Ethereum-based product’s total net assets as of May 7 are $6.20 billion, which represents less than 2.85% of the total Ethereum market cap. Such products as QETH, sponsored by Invesco, are making a rising trend line with a 13.59% increase in daily volume, which can only mean that there is a keen upward trend in this sector.
