Ethereum spot ETF reshuffle: Grayscale loses blood, BlackRock counterattacks!
According to SoSoValue data, on November 20, the Ethereum spot ETF market ushered in a large migration of funds, with a total net outflow of up to 33.4749 million US dollars! Grayscale is still in the "withdrawal crisis", and the Ethereum Trust ETF (ETHE) has a single-day outflow of 16.2852 million US dollars, and the historical cumulative net outflow has soared to 3.293 billion US dollars. Grayscale's mini trust ETF (ETH) also outflowed 3.1885 million US dollars. Although there is still a cumulative net inflow of 372 million US dollars, this inflow can't stop the market chill at all.
In sharp contrast, BlackRock's ETF (ETHA) is far ahead: a single-day net inflow of 16.7439 million US dollars, and the historical cumulative net inflow has reached an astonishing 1.703 billion US dollars! In this fund migration, BlackRock has undoubtedly become the biggest winner, proving the ability of the institutional market to attract money with strength.
The flow of funds in the ETF market reflects market sentiment and investment preferences. Grayscale's loss of blood shows that the market's confidence in it has not yet fully recovered, and BlackRock's strong entry is accelerating the grabbing of market share. For Ethereum, the net asset value of ETFs accounts for 2.42% of its total market value, which is already an important funding window. As the market adjusts, who will be the ultimate winner? Follow Lao Chen and take you to dig deep for the answer!
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