Despite a slowdown in the pace of flows compared to previous days, U.S. investment funds in Ethereum continued to purchase large quantities of the currency, surpassing the new issuance of Ethereum by seven times on Monday.
Total flows reached $65.2 million, equivalent to 17,549 ETH, against a daily issuance of only 2,571 ETH.
Expert Anthony Sassano noted that these figures indicate the continued dominance of investment funds over the entire supply, even in slow days.
Notable performance from investment funds:
The iShares Ethereum Trust (ETHA) from BlackRock recorded inflows of $132 million, while the FETH fund from Fidelity recorded outflows of $49.2 million.
ETHA ranked seventeenth among the most active exchange-traded funds, according to analyst Eric Balchunas.
Since July 2, no outflows have been recorded from spot Ethereum funds, while inflows over 17 days amounted to approximately $5.2 billion, compared to only $1.4 billion during a previous record streak that lasted 19 days between May and June.
Although Ethereum issuance remains inflationary at an annual rate of 0.12%, investment funds are accumulating it at a pace that exceeds the supply.
Ethereum supply rose last week by approximately 17,910 coins, an amount nearly equal to what funds bought in one day.
