US Ethereum spot ETFs see net inflows for four consecutive trading days, with institutional buying recovering.

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The US Ethereum spot ETF market continued its institutional-driven buying trend with four consecutive days of net inflows.

As of the 8th (local time), the US Ethereum spot ETF market recorded a net inflow of $461.21 million (approximately 64.09 billion won) in a single day.

Following inflows on the 5th ($73.22 million), 6th ($35.12 million), 7th ($222.34 million), and 8th ($461.21 million), the market showed a four-day consecutive inflow trend.

On this day, six products recorded net inflows: ▲BlackRock ETHA ($254.73 million) ▲Fidelity FETH ($132.35 million) ▲Grayscale ETH ($38.25 million) ▲Grayscale ETHE ($26.84 million) ▲Bitwise ETHW ($7.83 million) ▲Invesco QETH ($1.22 million), while the remaining three products remained unchanged.

The cumulative net inflow of the Ethereum spot ETF market to date has been recorded at $9.82 billion.

The total trading volume is around $2.44 billion, with trading volumes by product in the order of ▲BlackRock ETHA ($1.66 billion) ▲Grayscale ETHE ($328.92 million) ▲Grayscale ETH ($214.12 million).

The total net asset value of Ethereum spot ETFs is $23.38 billion, which corresponds to 4.77% of the total Ethereum market capitalization.

The top products by net asset value are ▲BlackRock ETHA ($12.35 billion) ▲Grayscale ETHE ($4.57 billion) ▲Fidelity FETH ($2.85 billion).

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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