As volatility continues in the crypto market, Ethereum Spot ETF recorded a net leak of $135 million on September 2nd. According to data from Sosovalue, none of the nine Ethereum Spot ETFs saw an inflow, but investors were mostly selling.
Ethereum Spot ETF has experienced a $135 million spill
The largest spill was caused by Fidelity’s Feth ETF. The fund saw a $99.23 million outflow in just one day, but its historic net inflow is $2.66 billion. This suggests continued long-term interest, but increased short-term profits.
Bitwise’s ETHW ETF came in second place. The fund lost $24.22 million in one day. ETHW’s cumulative net inflow so far is $411 million.
In total, Ethereum Spot ETF’s net asset value is $279.8 billion, accounting for 5.38% of Ethereum’s market capitalization. Additionally, ETFs have historically seen a cumulative net inflow of $13.37 billion.
Analysts attributing the recent surge to market corrections and investor avoidance. However, as institutional demand remains strong, Ethereum ETFs are expected to play a key role in the market in the long term.
*This is not investment advice.
