Ethereum ETFs strengthen as daily net inflow hits $64.12M and assets expand

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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According to a SoSoValue update on ETH ETFs as of April 28, the market reported a total daily net inflow of $64.12 million. Additionally, the cumulative total inflow reached $2.47 billion while the total value traded for the day stood at $266.32 million. Assets across all listed Ethereum ETFs read at $6.20 billion, equal to 2.87% of Ethereum’s cap.

ETHA leads with $67.47M inflow as ETHE posts a $4.28B cumulative dip

A deeper analysis of individual ETFs shows that ETHA, issued by BlackRock and traded on NASDAQ, led the market with $2.25 billion in net assets. Its one-day net inflow reached $67.47 million, with a cumulative inflow of $4.18 billion. It traded at $13.61 with a fee of 0.25% and captured 1.04% of the ETH market share.

Source: SoSoValue

Grayscale’s ETHE on NYSE maintained net assets worth $2.06 billion but recorded no inflows on April 28. Its cumulative inflow stood at negative $4.28 billion, and it had the highest fee at 2.50%. The price closed at $14.95, down 0.47% on the day.

ETH, another Grayscale ETF listed on NYSE, showed $855.43 million in assets with no net inflow for the day. It posted a cumulative net inflow of $605 million and had a fee of 0.15%. The trading price reached $16.94, down 0.35%.

FETH holds $723.85M in assets despite flat Inflows

FETH from Fidelity, listed on CBOE, held $723.85 million in net assets and had no net inflow on April 28. Its cumulative inflow was $1.43 billion, while its market price reached $17.97 after a 0.34% decline.

Bitwise’s ETHW experienced the only outflow among top assets, with $3.35 million exiting. Despite this, it retained $168.30 million in net assets and had a cumulative inflow of $318.03 million. It closed the day at $12.90, down 0.46%.

Other ETFs with smaller net assets include ETHV ($80.28M), EZET ($21.16M), CETH ($16.08M), and QETH ($15.30M). All recorded no inflow or outflow and experienced daily price declines ranging from 0.29% to 0.39%. The top traded ETF was ETHA with $151.23 million in volume, while ETHW had the highest daily volume at 230.61K shares.

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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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