- The overall market saw a daily net inflow decrease of $3.21 million, but cumulative inflows remained positive at $2.41 billion.
- Grayscale’s ETHE experienced a significant price decline of 3.76%, maintaining its position as the largest Ethereum ETF
- Fidelity’s FETH and VanEck’s ETHV both saw price drops, with steady or declining net inflows for the day.
According to a recent SoSoValue update on market performance of various Ethereum-based exchange-traded Funds (ETFs) as of March 25. It is notable that total net inflows, cumulative net inflows, net assets, and market price of each product have seen varied market movements.
The overall daily net inflow stands at a negative $3.21 million, indicating a reduction in investor participation for the day. Cumulatively, the net inflow is positive at $2.41 billion, showing an overall increase in funds over time. The total value traded for the day was $115.16 million, with a market share of 2.86% of the Ethereum market cap.
Grayscale ETHE and BlackRock ETH Experience Price Drops
Looking at individual products, Grayscale’s ETHE on NYSE saw a slight daily decline of -3.76%, with a market price of $16.65. It has the largest net assets, totaling $2.52 billion and accounting for 1.01% of Ethereum’s market share. The daily net inflow for ETHE was $0, with a cumulative inflow of -$4.17 billion, indicating past struggles in maintaining consistent growth.
BlackRock’s ETH product, listed on NASDAQ, experienced a decline of -3.75% in market price, reaching $15.13. Despite this, it saw a small positive net inflow of $0.00, with a cumulative total of $4.07 billion. It holds $2.47 billion in net assets and a 0.99% Ethereum market share.
Fidelity FETH and VanEck ETHV Follow the Dip
Fidelity’s FETH, traded on CBOE, saw a market price drop to $19.96, down by -3.81%. Its net assets stood at $824.59 million, and its net inflows were steady at $0.00 for the day. The ETH share was 0.33%, indicating a relatively small portion of Ethereum-based investments.
VanEck’s ETHV, also on CBOE, faced a -3.69% decline, with a market price of $14.34. Its net assets totaled $196.97 million, and its market share was 0.08%. The cumulative net inflows were lower at $320.26 million. Other products such as Invesco’s QETH and Franklin’s EZET saw modest changes in both price and inflow, with QETH posting a -3.71% price drop and a small cumulative net inflow.
