Ethereum spot ETF saw net inflows for the first time! Grayscale ETHE selling pressure slows down

This site (120bTC.coM): The actual opening time of the nine Ethereum spot ETFs came to the sixth day, and the daily inflow finally turned from negative to positive for the first time, achieving the first net inflow, with a total amount of 33.7 million Dollar. The reason is believed to be the slowdown in the huge outflow of Grayscale ETHE. Meanwhile, BlackRock’s investment chief noted that some investment banks are looking into incorporating Ethereum ETFs into their portfolios.

Ethereum spot ETF has positive net inflows for the first time

Farside Investors data points out that, as with previous data, eight of the nine Ethereum spot ETFs currently on the market have achieved net capital inflows, which is still grayscale ETHE Become the only net outflow target.

But the good news is that the overall market achieved positive daily net inflows for the first time during today's closing, with a scale of US$33.7 million; this is the first time since the listing that positive capital inflows have occurred, reversing the outflow of US$546 million in the past four days. the trend of.

However, the overall statistical traffic still had a net outflow of US$406 million.

BlackRock (ETHA) net inflow hit the second-highest opening of the market

First of all, BlackRock’s ETHA hit a net inflow of US$118 million today, which was about twice yesterday’s flow and is currently second only to the opening. A good result of US$266 million on the market day.

This inflow makes ETHA become the leader in the Ethereum spot ETF field with a total inflow of US$618 million.

Other competitors, such as Bitwise (ETHW) and Franklin (EZET), performed almost as usual, with inflows around US$3.5 million.

The outflow of Grayscale (ETHE) is gradually slowing down

However, the main reason for the positive net inflow is still that the capital outflow of Grayscale ETHE has been slowing down day by day, from 480 million US dollars last week to 120 million US dollars today. The net outflow is already a quarter of the outflow on the day of listing.

So far, more than 20% of fund holdings have been sold, and Farside said the outflow rate appears to be declining.

BlackRock Chief Investment Officer: ETHETF is expected to be included in institutional investment portfolios

It is worth mentioning that BlackRock ETF Chief Investment Officer Samara Cohen recently revealed in a Bloomberg interview that the Ethereum ETF will become a large-scale investment by the end of this year part of the investment portfolio offered by a bank.

Cohen pointed out that some asset management companies are now conducting risk analysis and due diligence, and studying whether Bitcoin and Ethereum are suitable to be placed in their investment portfolios: What will happen from the end of this year to next year is that we will see their allocation in portfolios and better guide investors on how to use them.

She stated that the investment portfolios provided by large investment service brokers usually have a diversified asset allocation to ensure a balance of risk and return: At this time, Bitcoin and Ethereum are two completely different asset classes and use cases, but they all work well as "portfolio diversification tools."

The above is the detailed content of Ethereum spot ETF saw net inflows for the first time! Grayscale ETHE selling pressure slows down. For more information, please follow other related articles on the PHP Chinese website!