On the sixth day of the actual opening of the nine Ethereum spot ETFs, daily inflows finally turned from negative to positive for the first time, achieving net inflows for the first time, with a total amount of US$33.7 million. The reason is believed to be the slowdown in the huge outflow of Grayscale ETHE. Meanwhile, BlackRock’s investment chief noted that some investment banks are looking into adding Ethereum ETFs to their portfolios.
Ethereum spot ETF sees positive net inflows for the first time
Farside Investors data pointed out that, as with previous data, eight of the nine Ethereum spot ETFs currently on the market have achieved net capital inflows, and ETHE, which is still grayscale, has become the only net outflow target.
However, the good news is that the overall market achieved positive daily net inflows for the first time today, with a scale of US$33.7 million; this was the first positive inflow since the listing, reversing the trend of US$546 million in outflows in the past four days.
However, overall statistical traffic still had a net outflow of $406 million.
BlackRock (ETHA) net inflows hit second-highest opening
First of all, BlackRock's ETHA recorded a net inflow of $118 million today, which is about double yesterday's flow and is currently second only to the $266 million on the opening day.
This inflow makes ETHA the leader in Ethereum spot ETFs with total inflows of $618 million.
Other competitors, such as Bitwise (ETHW) and Franklin (EZET), performed much the same as usual, with inflows of around $3.5 million.
Grayscale (ETHE) outflows are slowing down
However, the main reason for the positive net inflow is still that the capital outflow of Grayscale ETHE has been slowing down day by day. From last week's 480 million US dollars to today's net outflow of 120 million US dollars, it is already a quarter of the outflow on the listing day. one.
More than 20% of the fund's holdings have been sold so far, and Farside said outflows appear to be declining.
BlackRock Chief Investment Officer: ETH ETF is expected to be included in institutional investment portfolios
It is worth mentioning that Samara Cohen, chief investment officer of BlackRock ETFs, recently revealed in an interview with Bloomberg that the Ethereum ETF will become part of the investment portfolios provided by large investment banks by the end of this year.
Cohen pointed out that some asset managers are now conducting risk analysis and due diligence and studying whether Bitcoin and Ethereum are suitable for inclusion in their investment portfolios:
What's going to happen at the end of this year and into next year is we're going to see how they are allocated in portfolios and better coach investors on how to use them.
She stated that the investment portfolios provided by large investment service brokers usually have a diversified asset allocation to ensure a balance between risk and return:
At this time, even though Bitcoin and Ethereum are two completely different asset classes and use cases, they are both suitable as "tools for portfolio diversification."
This article Ethereum spot ETF saw net inflows on the first day! Grayscale ETHE’s selling pressure has slowed down and is expected to be included in institutional investment portfolios. First appeared on Chain News ABMedia.
