Ethereum can be volatile: Exit that scares in Grayscale

In the US, there was a net inflow of 4.9 million dollars into spot Ethereum ETFs, while a 27.8 million dollar inflow was reported for spot BTC ETFs.

According to SosoValue data, the net inflows of nine Ethereum ETFs reversed after three consecutive days of negative flows. In particular, Grayscale's ETHE recorded zero flows after 14 days of outflows. VanEck's ETHV was the only spot ether ETF experiencing negative flows, reaching a total net outflow of $2.92 million. This was the first time ETHV reported outflows since July 23rd.

Spot ETFs will be determinant in the Ethereum price

Fidelity recorded a net inflow of $3.98 million for FETH, while Bitwise reported an inflow of $2.86 million for ETHW. Franklin's EZET recorded an inflow of approximately $1.01 million. The total daily trading volume of spot Ethereum ETFs increased from $166.9 million on Friday to $286 million on Monday.

By the way, 12 spot Bitcoin ETFs in the US reported a net inflow of $27.87 million on Monday. ARKB of Ark and 21Shares saw the largest net inflow among funds with $35.4 million. IBIT of BlackRock recorded a net inflow of $13.45 million and Grayscale saw an inflow of $7.85 million. BITB of Bitwise and GBTC of Grayscale experienced outflows, with $17.06 million and $11.77 million respectively.

According to CoinMarketCap, the price of Bitcoin rose by 1.09% in the last 24 hours to around $59,128 at the time of writing, while Ether traded at $2,657, up 4.51%.

This article does not contain investment advice or recommendation. Every investment and trading operation involves risks, and readers should conduct their own research when making decisions.