Ethereum ETFs face market changes, showing a decline in daily inflows but maintaining strong net assets, confirming ongoing investor interest.
Overview of Ethereum ETFs
Ethereum ETFs recorded a daily net outflow of -$52.82 million, reflecting a decrease for the day. However, the cumulative net inflow is $2.46 billion. The total value traded across assets reached $235.78 million, while total net assets as of March 18 amount to $6.56 billion, accounting for 2.85% of the Ethereum market cap.
Positive Moves for ETHE and ETHA
ETHE, traded on NYSE and sponsored by Grayscale, showed a small premium of +0.01% and an asset value of $2.30 billion, with a market price of $16.94. The daily change in price for ETHE was +6.68%, indicating positive momentum. ETHA, listed on NASDAQ and backed by BlackRock, reported a premium of +0.30%. Its market price was $15.38, with a significant daily increase of +6.88%, despite a net outflow of -$40.17 million for the day.
ETH, FETH, and ETHW: Flow and Asset Analysis
The asset ETH, also traded on NYSE, had a slight discount of -0.03%. It experienced a net inflow of $591.59 million, bringing its net assets to $888.91 million. The daily change was +6.80%. Other instruments, including FETH and ETHW, showed varied results. For instance, FETH, sponsored by Fidelity and listed on CBOE, had a premium of +0.29%, with net assets reaching $760.53 million, and a 6.81% daily change in price. The ETHW asset, listed on the same exchange, experienced a 6.73% daily increase, though its net assets totaled $180.25 million, significantly lower than others.
Ethereum ETFs continue to attract investor interest despite some outflows. Positive price changes for certain instruments indicate potential resilient market trends.
