- Ethereum ETFs showed a decline in daily inflows but maintained strong cumulative inflows, reflecting continued investor interest.
- Despite some setbacks in daily net inflows, several Ethereum funds saw solid price increases, indicating resilient market trends.
- Assets like ETHE and ETH experienced positive daily changes, with ETH recording a significant net inflow of $591.59 million.
According to a recent SoSoValue update on Ethereum Traded Funds as of March 18, the total daily net inflow stands at -$52.82 million, reflecting a decrease for the day. In contrast, the cumulative total net inflow for the assets is $2.46 billion. The total value traded across these assets reached $235.78 million. Total net assets, as of March 18, amount to $6.56 billion, accounting for 2.85% of the Ethereum market cap.
ETHE and ETHA Show Positive Price Movements
The market data table lists several Ethereum-based instruments, including ETHE, ETHA, ETH, FETH, and others. ETHE, traded on NYSE and sponsored by Grayscale, saw a small premium of +0.01% and an asset value of $2.30 billion, with a market price of $16.94. The daily change in price for ETHE was +6.68%, showing positive market momentum.
ETHA, listed on NASDAQ and backed by BlackRock, reported a premium of +0.30%. Its market price was $15.38, with a significant daily increase of +6.88%. The instrument’s net inflow for the day was -$40.17 million, indicating some outflows despite the positive price movement.
ETH Sees $591M Inflow, FETH and ETHW Show Mixed Results
The asset ETH, also traded on NYSE, had a slight discount of -0.03%. It experienced a net inflow of $591.59 million, bringing its net assets to $888.91 million. The daily change was +6.80%, reflecting the positive trend.The other instruments, including FETH (sponsored by Fidelity), ETHW (Bitwise), and ETHV (VanEck), showed varied results. For instance, FETH, listed on CBOE, had a premium of +0.29%, with net assets reaching $760.53 million, and a 6.81% daily change in price. The ETHW asset, listed on the same exchange, experienced a 6.73% daily increase, though its net assets totaled $180.25 million, a significantly lower value than others.
