Blacrock’s Spot Ethereum ETF ETHA recovered from a massive outflow of $103 million last week to pull in $89.5 million yesterday.
The trading activity is about the only significant activity that occurred on Ethereum ETFs for the day as a whopping five exchange-traded funds recorded no transaction for the day.
The nine Spot ethereum ETFs ended the day with a net inflow of $130 million coming from inflows in three ETF funds and one recorded outflow for the day.
Farside Investors UK revealed that Blackrock’s ETHA pulled in $89.5 million with Fidelity’s FETH following closely with a $46.4 million inflow.
The least inflow for the day was recorded by Bitwise’s ETHW pulling in just $1 million.
Grayscale’s ETH recorded the only outflow for the day losing $6.1 million.
The Cumulative total net inflow for the nine ethereum ETFs hit $2.46 billion with a total value traded of $494.25 million per Data from Sosovalue.
Ethereum Price Analysis
Ethereum is down 15.2% on a 7-day scale but surged slightly by 2.0% in the last 24 hours.
The Crypto asset hit the $4000 price level this month twice before slumping below it recently.
Source: Coingecko
Ethereum has yet to breach its all-time high for three years despite coming close many times.
The Crypto asset at the time of the report is exchanging hands for $3,408. Ethereum have come under heavy criticism for a range of issues with the ecosystem ranging from a price lag over the years to structural issues plaguing the blockchain.
