Ethereum spot ETF craze: net inflow of $48.4 million, market heats up again!
According to the latest SoSoValue data, on October 17 (EST), Ethereum spot ETF ushered in a staggering net inflow of $48.4063 million, which fully reflects the market's strong interest in Ethereum. It is worth noting that the net asset ratio of Ethereum spot ETF has risen to 2.3%, indicating that investors' recognition of Ethereum is deepening.
However, in this craze, Grayscale's Ethereum Trust ETF ETHE suffered a single-day net outflow of $15.7434 million, and the total historical net outflow has reached a staggering $3.012 billion. This phenomenon may indicate that investors' interest in traditional trust products is gradually weakening, and they are turning to more liquid spot ETFs.
In this market context, Grayscale Ethereum Mini Trust ETF ETH rose against the trend, with a single-day net inflow of $5.1343 million, and the total historical net inflow has accumulated to $303 million. Such performance may reflect investors' preference for small investments and flexible operations.
Among them, Fidelity's ETF FETH has become the leader of Ethereum spot ETFs with a single-day net inflow of US$31.1207 million, and the total historical net inflow has reached US$498 million. BlackRock's ETF ETHA is not to be outdone, with a single-day net inflow of US$23.5559 million and a total historical net inflow of US$1.258 billion, demonstrating its strong influence among institutional investors.
As of press time, the total net asset value of Ethereum spot ETFs has climbed to US$7.18 billion, and the historical cumulative net outflow has reached US$482 million, showing the market's tenacity after experiencing fluctuations.
In this competition for Ethereum ETFs, market trends are unpredictable, and investors' choices will have a profound impact on the future performance of Ethereum. Whether Ethereum can continue to attract the favor of investors may become a major highlight of the future crypto market.
How will the future market perform? Let's wait and see! Follow Boshi for more in-depth analysis and market trends!
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