Not fearing the decline in cryptocurrency prices, the Ethereum spot ETF had a net inflow of $48.8 million.

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ABMedia
08-06
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Although Ethereum fell to $2,111 in the morning Taiwan time yesterday, ETH did not continue to fall with the U.S. stock market after the U.S. stock market opened. Instead, the Ethereum spot ETF recorded a net inflow of $48.8 million, which was listed on 7/23 The second highest traffic since.

( Falling! ETH plummeted to 2,111 this morning, Jump Trading is liquidating Ethereum )

Ethereum spot ETF saw net inflow of $48.8 million

According to data from Farside Investors, the Ethereum spot ETF recorded a net inflow of US$48.8 million yesterday, the second-highest flow since its listing on July 23. BlackRock's ETHA saw a net inflow of $47.1 million, Fidelity's FETH saw an inflow of $16.2 million, and VanEck's ETHV saw a net inflow of $16.6 million.

Among them, the Grayscale Ethereum fund ETHE, which has always been regarded as rat shit, has gradually reduced the amount of net outflows. It has gradually declined from US$480 million on the first day, and yesterday there was an outflow of US$46.8 million. However, since the listing of the Ethereum spot ETF, ETHE has so far had an outflow of US$2.16 billion, leaving a total assets of US$4.72 billion. No matter how outflow is, it should be limited!

Bitcoin spot ETF saw net outflow of $168 million

However, Bitcoin spot ETFs experienced capital outflows as Bitcoin fell. Fidelity's FBTC saw an outflow of US$58 million, Ark's ARKB saw an outflow of US$69 million, and Grayscale's GBTC also saw an outflow of US$69.1 million.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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