Crypto:
32277
Bitcoin:
$98.264
% 4.29
BTC Dominance:
%58.9
% 0.11
Market Cap:
$3.07 T
% 2.13
Fear & Greed:
83 / 100
Bitcoin:
$ 98.264
BTC Dominance:
% 58.9
Market Cap:
$3.07 T

U.S. Ethereum ETFs Show Strong Inflows Tuesday

Grayscale Ethereum Etf

Tuesday’s net inflows for U.S. spot Ethereum exchange-traded funds totaled $24.34 million, matching Monday’s positive flow. Simultaneously, following zero flows the day before, the Grayscale Ethereum Trust (ETHE) saw a return to negative flows.

Based on statistics from SosoValue, Grayscale’s ETHE was the only spot ether fund to show net outflows on Tuesday—$31 million left the ETF.

Three other ETFs’s inflows balance that. Following no flows the day before, BlackRock’s ETHA noted the highest inflows among the funds yesterday—$49.12 million. Inveco’s QETH showed $813,690 in net inflows, while Fidelity’s FESH registered $5.41 million.

On Tuesday, the nine-spot ether ETFs traded overall for $191 million, compared to $285.9 million on Monday.

SosoValue data indicates, in the in the meantime, that on Tuesday, the 12 spot bitcoin ETFs in the United States recorded net inflows of $38.94 million.

BlackRock’s IBIT, the biggest bitcoin ETF based on net assets, mostly contributed to that. Yesterday, it saw net inflows of $34.55 million.

With net inflows of $22.56 million, Fidelity’s Facebook TC followed, and Bitwise’s BITB logged $16.54 million.

With $28.65 million leaving the product, Grayscale’s GBTC’s outflow run now spans nine straight days. ArkB of Ark and 21 Shares had $6 million in net withdrawals yesterday.

The combined daily volume of the 12 ETFs on Tuesday was $1.18 billion, somewhat less than the $1.3 billion traded on Monday.

At the time of writing, Ether had changed hands at $2,533 with a 3.34% gain.

 

 

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

Rate this post
READ:  This Altcoin Surges After Apple Announcement!

Leave a Reply

Your email address will not be published. Required fields are marked *