📢Demand for Ethereum spot ETFs has cooled, and inflows are growing negatively! 🚀
Let's take a look at the recent developments of Ethereum ETFs. 🌟On July 30, Bitwise's Ethereum ETF inflows actually exceeded BlackRock's, the first time since the Ethereum ETF began trading!
💰Nansen analysis pointed out that because Bitwise waived the 0.2% fee for the first six months of the ETF's launch, it "increased its inflows."
👏Sure enough, according to Nansen data, as of the time of publication on July 31, BlackRock has regained its trading volume position, accounting for 5.59% of assets under management (AUM).
👀 Let's take a look at the data from another report. Since its listing, the total outflow of Ethereum ETF has reached US$405 million. At the same time, the value of Ethereum held by Ethereum ETF brokers is about US$9.17 billion, accounting for only 2.32% of the total. Therefore, some people believe that this is the main reason why the price of Ethereum has been a bit sluggish recently!
🤔 At the same time, there are voices in the market saying that the demand for Ethereum ETF is not as hot as expected, and it seems a bit deserted compared to the craze of Bitcoin ETF when it was first listed. But I think it is too early to draw conclusions now. The market is always unpredictable. Who knows, maybe when the altcoin market picks up, the inflow of funds to Ethereum ETF will soar!
💡 So, my advice is, don't be scared away by short-term fluctuations. Take a long-term view, now may be a good opportunity to accumulate Ethereum. When the Federal Reserve cuts interest rates and market confidence picks up, the inflow of funds to Ethereum ETF may usher in explosive growth.
🙏 Remember, don't wait until the market is hot to regret not getting on the train earlier. Now may be a good time to lay out, wait patiently, and the spring of Ethereum will always come.
💬 What do you think the future of Ethereum ETF will be? Is it a good time to enter Ethereum now? See the comments section!
