According to data, the US Ethereum On August 30, net outflows of $0 were recorded for the first time since the launch of spot ETFs.
This coincided with a daily net outflow of $0 from the Grayscale Ethereum Trust ETF ETHE, which saw historical net outflows of $2.56 billion.
Previously, Ethereum spot ETFs were constantly seeing net outflows. The main reason for this was that the assets in ETHE, which was previously a trust and converted into an ETF, withdrew their assets due to high transaction fees.
Currently, the total net asset value of Ethereum Spot ETF is $6.97 billion, and the historical cumulative net outflow has reached $477 million.
The net asset ratio, which represents the market value of ETH ETFs as a percentage of Ethereum’s total market value, is at 2.3%.
Approved at the end of January Bitcoin While Spot ETFs have made quite a splash and caused BTC prices to rise, Ethereum Spot ETFs have not yet seen such an impact. On the other hand, the fact that ETH ETFs do not have a staking feature may have prevented them from becoming more popular with users. Users may be hoping to make more profit by staking their ETH instead.
*This is not investment advice.
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Source: https://www.bitcoinsistemi.com/ethereum-spot-etflerinde-tarihi-bir-ilk-gerceklesti-donum-noktasi-olabilir/
