Ethereum Spot ETFs Report 154,000 ETH Inflows This Week
Ethereum spot exchange-traded funds (ETFs) have experienced significant inflows, totaling 154,000 ETH this week, which is five times the recent weekly average. In contrast, Bitcoin's momentum has slowed, with only 7,800 BTC entering its ETFs.
Key Points
- Ethereum spot ETFs are gaining traction, reflecting increased demand from traditional investors.
- Inflows for Ethereum ETFs reached 154K ETH this week, with a peak single-day inflow of 77K ETH on June 11th.
- Bitcoin ETFs had a positive net flow but were significantly lower than previous highs, with a recent weekly inflow of around 7,800 BTC.
- Last week, Bitcoin spot ETFs saw negative net flow, indicating a slowdown in momentum.
- Despite ETF inflows, Ethereum's price decreased to $2,540, down 7%, while Bitcoin lost 2%.
