Ethereum ETFs pull in $166 million

The nine Ethereum ETFs recorded their first outflow in two days of trading ending a recent trend. The nine Ethereum ETFs recorded a net inflow of $166 million completing the third day of positive inflow for the Funds. 

Despite the inflows, the Ethereum ETFs are still witnessing low investor activity. The nine Ethereum ETFs only recorded transactions on four ETF products with only one outflow and three inflows. 

The low number of transactions is a growing trend in the Ethereum ETFs occurring in the last four days of trading. 

Farside Investors UK revealed that Blackrock’s ETHA led the inflows for the day pulling in $111.2 million. 

Fidelity’s FETH followed suit pulling in $70 million for the day. 

Grayscale’s ETH pulled in the least funds for the day recording a $4.1 million inflow. 

The only outflow for the day was recorded by Grayscale’s ETHE which lost $18.7 million. 

The remaining Ethereum ETF products recorded no transactions confirming low investor activity in the Ethereum ETFs. 

Ethereum the second largest crypto asset made modest gains following the inflows into the ETFs. 

Ethereum Price Analysis

The crypto asset is currently exchanging hands for $3,414 surging by 3.4% in the last 24 hours. 

The crypto asset is up by 4.9% on a 7-day scale but down by 10.9% on a monthly scale.