Investor Sentiment Divided, Ethereum ETF Experiences Outflow of IDR 35 Billion
The Ethereum spot ETF experienced an outflow of USD 2.17 million or equivalent to IDR 35 billion, indicating a slight shift in investor sentiment towards this crypto asset.
Data from SoSoValue indicates that behind this collective decline, each ETF shows opposing fund movement patterns.
One notable example is the Grayscale Ethereum Mini Trust ETF (ETH), which recorded a daily net inflow of USD 6.66 million. This figure also increased the total inflow throughout the history of the ETF to USD 735 million.
On the other hand, the Fidelity Ethereum ETF (FETH) has been the most abandoned, with a daily outflow reaching USD 8.84 million. Nonetheless, the total inflow over time for FETH remains significant, at USD 1.59 billion.
As of now, the total net asset value of all Ethereum spot ETFs reaches USD 10.03 billion, or about 3.26% of the total Ethereum market capitalization.
*Disclaimer Alert. Not Financial Advice (NFA). Do Your Own Research (DYOR).*
