Ethereum ETFs see inflows after 10-day drought as ETH reclaims $1,800
Ethereum ETFs are once again in good stead, with $38.74 million flowing in on April 22. Due to this, Ethereum has halted a 10-day period of money exiting as ETH regained the $1,800 price point.
This reversal in fund flows is concurrent to Eth 5% rally in the last 24 hours. It also pressured short positions in the derivative market.
According to the latest data, the cumulative total net inflow for Eth ETFs now stands at $2.26 billion, with total net assets reaching $5.66 billion.
Eth ETF market data shows mixed performance
A closer inspection of the individual Ethereum ETF performance shows disparate outcomes among different issuers. From data provided by SoSoValue, BlackRock’s ETHA product on the NASDAQ increased by 0.31%, with total net inflows worth $4.05 billion and net assets of $2.00 billion on April 22. This places BlackRock’s product as the market-leading product in Eth ETFs to date.
Grayscale’s ETH product traded on the NYSE and its value increased by 0.17%. It has lost $4.27 billion in total, however, after it switched to a trust format. The fund still has $1.96 billion in net assets.
Fidelity’s FETH on CBOE increased 0.28% with great daily inflows of $32.65 million. Its total inflows stand at $1.39 billion and total net assets at $849.67 million.
Some of the other popular performers are Bitwise’s ETHW on the NYSE (0.29% increase, $6.09 million daily inflow, $314.52 million total inflow), VanEck’s ETHV on the CBOE (0.29% increase, $131.09 million total inflow), and Franklin’s EZET on the CBOE (0.26% increase, $36.50 million total inflow). All Ethereum ETF products exchanged a combined value of $496.30 million on April 22.Eth short positions experience massive liquidations as price bounces back
The Ethereum price came back above $1,800, and this caused some short bettors to lose money. Data from Coinglass shows that short liquidations over the last 24 hours were $92.47 million. This was more than long liquidations of $34.33 million over the same time.