Ethereum ETF Inflows Rise but Have Limited Impact on ETH Price
- Spot Ethereum ETF inflows have been positive for nine consecutive sessions.
- BlackRock’s ETHA leads the inflows, surpassing $4.5 billion since inception.
- On a recent Thursday, net inflows into spot Ethereum ETFs were $91.9 million, with BlackRock’s ETHA contributing $50.4 million and Fidelity’s FETH contributing $38.3 million.
- The average investor in BlackRock’s ETHA and Fidelity’s FETH is down approximately 21% due to cost bases of $3.3K and $3.5K, respectively.
- Ethereum price is currently at $2,616, below the ETFs’ cost basis levels.
The recent surge in Ethereum ETF inflows indicates growing institutional interest; however, their impact on the spot ETH price remains limited due to negligible trading volume contributions in spot markets.
Source (2.6)https://coingape.com/ethereum-etf-inflows-wont-impact-the-price-glassnode/?rand=24432
