Ethereum ETF fund flows rise and fall, with a hidden mystery behind the $75.1159 million net outflow!
Yesterday (Eastern Time December 20), the Ethereum spot ETF encountered a net outflow of $75.1159 million, seemingly pouring cold water on the market. However, a dramatic scene unfolded with Grayscale ETF — the Grayscale Ethereum Trust (ETHE) saw a single-day net inflow of $7.5055 million, while the mini trust took in an impressive $8.1047 million!
Yesterday's net inflow champion: Fidelity ETF (FETH), demonstrating once again its status as the darling of market funds with an achievement of $12.9513 million, bringing historical net inflows to $1.405 billion! The Grayscale ETF ETH followed closely behind: $8.1047 million in single-day net inflow, with cumulative net inflows surpassing $605 million, showing that institutional confidence in Ethereum remains strong.
The hidden battle behind fund flows
Is the net outflow from the spot ETF a cause for concern? Clearly, a significant amount of funds is shifting from spot to trust products, indicating that the market is reassessing its asset allocation strategy. The warming of Grayscale Trust may be a hedge against potential future price volatility from institutions. Fidelity ETF continues to attract capital; who can shake its leading position? FETH's historical total net inflow remains at the top, showcasing strong market appeal. Funds vote with their feet; Fidelity seems to have become a safe haven in the Ethereum market.
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