Ramazan Eles 
A remarkable milestone has been reached in the Ethereum Spot ETFs market, marking a historic first since their launch.
Data indicates that, for the first time since the inception of U.S. Ethereum spot ETFs, there was a net zero outflow recorded on August 30th. This coincided with a day where the Grayscale Ethereum Trust ETF (ETHE), which has historically seen net outflows totaling $2.56 billion, also reported zero net outflow.
Previously, Ethereum spot ETFs were consistently experiencing net outflows. The primary reason for this was that investors were withdrawing their assets from ETHE, which was initially a trust converted into an ETF, due to the high transaction fees.
Currently, the total net asset value of the Ethereum Spot ETF stands at $6.97 billion, with historical cumulative net outflows reaching $477 million. The net asset ratio, which represents the market value of ETH ETFs as a percentage of Ethereum’s total market capitalization, is now at 2.3%.
Although the approval of Bitcoin Spot ETFs at the end of January garnered significant attention and contributed to a rise in BTC prices, a similar impact has yet to be observed for Ethereum Spot ETFs. Additionally, the fact that staking is not available in ETH ETFs may be hindering their popularity. Investors might prefer to stake their ETH elsewhere to earn higher returns instead.
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