Ethereum ETFs continue to show capital growth, reporting a net inflow of $443.9 million for the third consecutive day.
Inflows into Ethereum ETFs
According to SoSoValue data, BlackRock's ETHA fund saw the highest inflows with $314.9 million, while Fidelity's FETH fund saw $87.4 million invested. Funds from Bitwise, 21Shares, Invesco, and Grayscale's Mini Ethereum Trust also reported positive inflows.
Comparison with Bitcoin ETFs
Notably, the capital flowing into Ethereum ETFs on the same day was more than double the amount flowing into Bitcoin ETFs. This is considered a strong signal indicating a capital rotation in the markets towards Ethereum.
Market Situation Analysis
Meanwhile, Bitcoin ETFs snapped a six-day streak of outflows, returning to positive flows, with BlackRock, Fidelity, and four other funds reporting a combined net inflow of $219 million. However, Bitcoin fell below $110,000 for the first time in six weeks, while Ethereum and other major altcoins saw sharper declines. Analysts note that the optimism generated by Fed Chair Jerome Powell's recent remarks was short-lived, with investors returning to a risk-off approach.
Despite the price declines, ETF inflows suggest that corporate confidence remains strong.
