China News Daily TheBitTimes.com

Inflows into spot Ethereum ETFs have outpaced their Bitcoin ETF rivals in the past four trading days as Ethereum’s price climbs 6% this week amid growing investor optimism about the biggest altcoin. Spot Ethereum ETFs recorded net inflows of $224.9 million over the past four days, while their Bitcoin counterparts registered total net inflows of just $35.2 million over the same period, according to data from Farside Investors . BlackRock’s ETHA Leads Spot Ethereum ETFs In 4-Day Inflow Streak A handful of the US ETH investment products are responsible for the latest inflows into spot Ethereum ETFs since Friday. Leading the charge is ETHA, the fund belonging to asset management giant BlackRock.  In the last 4 days, BlackRock’s ETH ETF has recorded net inflows of 149.8 million. The fund’s biggest day was on Nov. 22, when $99.7 million entered its reserves. Meanwhile, Fidelity’s FETH, Bitwise’s ETHW, Grayscale’s ETH, and VanEck’s ETH...

Since spot ether Exchange Traded Funds (ETFs) began trading on US securities exchanges, five days have seen precisely $0 of Ethereum capital inflows. Even worse, since July 23, 2024, owners of the nine spot ether ETFs have actually withdrawn money from those products. Incredibly, because trusts and other investors seeded over $10 billion worth of spot ether into the ETFs prior to their debut on US exchanges, the tally of post-launch trading activity is negative $556 million. ‘Inflows’ is a term used to describe the net US dollar flow into spot ether ETFs. It excludes all other Ethereum-related purchases and sales such as futures, options, derivatives, or spot ether itself. Investors track ETF inflows as a way to measure how much effect ETFs are having on Ethereum’s market capitalization independent of other variables. In this case, the answer is simple: Ether ETFs have not helped . The tally of post-launch trading activity is negative $556 million. Ether inflows crash, billions ...