đđEthereum ETF Data Disagrees with Whales: Whatâs Next for ETH? đđ
Total inflows into spot Ethereum ETFs this week surpassed $85 million after several weeks of outflows. This was supported by the ETH price target of rising from $2,700 to $3,000. Inflows into the spot Ethereum ETF were recorded at $58 million on Friday, September 27, with Fidelity FETH making the highest inflow at $42.5 million. BlackRockâs ETHA came in second with $11.5 million inflows, while Grayscale ETHE saw $10.7 million in outflows.
Earlier this week, outflows from Grayscaleâs ETF exceeded $80 million, but this quickly recovered. Despite the inflows in ETFs, the decrease in the assets in the wallets of institutional investors was striking. A wallet connected to Cumberland sent $31.88 million in assets to Coinbase, while it also transferred $13.83 million in assets.
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