Krutika Adani
Yesterday, BlackRock’s Ethereum ETF (ETHA) saw a total inflow of $118 million.
Since inception, the ETF has only seen inflows totalling $618 million in AUM.
On July 30, US Spot Ethereum ETFs saw a net inflow of $33 million.
Since the net inflows were little, there was no noticeable impact on Ethereum’s price which was 0.6% down in the last 24 hours.
The Grayscale Ethereum ETF is still 12x larger than blackrock at $7.6 billion. However, seeing its outflows, we expect BlackRock to take a top position in the medium to long term.