After a terrible start to the year Spot Ethereum etfs (Exchange-Traded Funds) has managed to reverse their fortune in recent weeks. This positive trend reflects the change in the feeling among Ethereum investors since the beginning of the second quarter of the year.
Ethereum ETFS affected 15 days with capital inflows
According to information from Sosovalue, the US Ethereum ETFs registered a net inflow of $ 25.22 million on Friday 6 June. This latest daily performance marked the 15th straight day for capital inflows-the second longest line since its launch in July 2024-for stock exchange traded funds.
Blackrock’s Ishare Ethereum Trust (with Ticker ETH) accounted for the majority of the inflow on Friday and published $ 15.86 million to close the week. Grayscales Ethereum Mini Trust (ETH) was the only other US-based Ethereum ETF Fund that registered any activity, with a total daily net flow of $ 9.37 million.
This performance of $ 25.22 million led the total net inflow each week to just over $ 281 million over the past week, which represented the fourth week in a row of capital inflow for the Ethereum-based products. During the previous trade week (May 26 to May 30), Ethereum ETFS published a similar total net inflow of $ 285.84 million.
Source: SoSoValue
According to market data, the US-based Spot Ethereum ETFs have registered $ 856.81 million in total net inflows during these four weeks. In the end, these positive performance shows a change in how investors are looking at Ethereum right now.
Surprisingly, this positive change in investors’ feeling has been reflected in price performance for ETH in recent weeks. Altcoin has witnessed renewed interest and demandwith its value up by more than 15% over the past 30 days.
From this writing, Ethereum Price amounts to approximately $ 2,521, which reflects over 1% over the past 24 hours. According to data from Coytecko, Altcoin’s value is down 0.8% over the past seven days.
Inflows for bitcoin ETFs that slow down
Spot Bitcoin ETFs in the United States also had its own line for the majority of the last month before It ended on FridayMay 29. The crypto-linked financial products have had a mixed performance of daily inflows and outflows ever since.
According to data from Sosovalue, the Bitcoin exchange traded funds registered a net outflow of $ 128.81 million over the past week. On Friday, BTC ETFS saw a total of $ 47.82 million, which was withdrawn, which ended the trade week on a negative note.
The price of ETH on the daily timeframe | Source: ETHUSDT chart on TradingView
Image from iStock, chart from tradingview
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