🌟 Ethereum ETF's inflows in the past four weeks have exceeded the $2 billion mark! 🚀

📊 The spot Ethereum ETF is becoming a rising star in the market, with an astonishing inflow of $2 billion in the past four weeks (excluding Grayscale's $2.5 billion ETHE outflow)! If these funds are accumulated in one product, it is equivalent to the fourth largest ETF to date. 🌈

👨‍💼 Nate Geraci, CEO of ETF Store, excitedly pointed out that this will be a huge milestone. The top three ETFs are all spot ETFs for Bitcoin, but the Ethereum ETF seems to be catching up! 🏃‍♂️

💰 At the same time, Eric Balchunas, ETF analyst at Bloomberg, also shared the global inflows of ETFs this year, which have reached a staggering $911 billion. The performance of US spot cryptocurrency ETFs is particularly outstanding, accounting for nearly 2% of the global total flow.

📉 However, despite the strong inflows into Ethereum ETFs, they have underperformed slightly compared to Bitcoin ETFs. Analysts believe this may be related to Ethereum’s weak performance over the past few weeks. Meanwhile, the value of the cryptocurrency has also fallen by 40% over the past month.

💡 Some big players, such as Jump Crypto, Wintermute, and Flow Traders, have sold a total of 130,000 ETH since the launch of the Ethereum ETF. This may be related to Japan’s interest rate hikes and macroeconomic uncertainty, which have suppressed the market’s risk appetite.

📊 Meanwhile, the cryptocurrency market sell-off in March was a major blow to traders, especially those who dabble in multiple cryptocurrencies. Coupled with the second round of sell-offs in July-August, it also highlights the growing correlation between cryptocurrencies and the stock market.

🔍 However, despite these challenges, the inflows into Ethereum ETFs in the past month show the market’s continued interest and confidence in Ethereum. Let’s continue to watch this cryptocurrency marathon and see how it will develop! 🏁 #以太坊ETF #加密货币投资 #市场动态