🧐 Market Insights: A Shift in ETF Trends 🧐
After nine days of outflows, U.S. spot Ethereum ETFs finally saw a positive turn with $5.84 million in net inflows on Wednesday. Notably, while Grayscale’s Ethereum Trust (ETHE) faced $3.81 million in outflows, BlackRock and Fidelity stepped up with inflows of $8.4 million and $1.26 million, respectively.
On the other hand, spot Bitcoin ETFs continued to see money leaving, with a significant $105.19 million in outflows. Ark and 21Shares’ ARKB led the pack with $59.27 million in outflows.
Though the trading volume for spot ether ETFs reached $151.57 million, it’s still far below July’s peak of $900 million. Meanwhile, spot bitcoin funds saw a higher trading volume of $2.18 billion on Wednesday.
As we keep a close eye on these developments, it’s clear that the market is moving in intriguing ways.
