The US Ethereum spot ETF market turned to net outflows after 3 trading days, with short-term supply and demand experiencing another fluctuation.
According to SoSoValue data, as of January 7 (local time), the US Ethereum spot ETF market experienced a single-day net outflow of $98.45 million.
After three consecutive trading days of capital inflows on the 2nd ($174.43 million), 5th ($168.13 million), and 6th ($114.74 million), the trend reversed to net outflows on that day. As short-term buying momentum slowed, the total net inflow reached $12.69 billion.
Looking at the ETF fund flows on that day, only Franklin EZET recorded a net inflow of $2.38 million. On the other hand, six ETFs experienced net outflows: ▲Grayscale ETHE (–$52.05 million), ▲Fidelity FETH (–$13.29 million), ▲Grayscale ETH (–$13.03 million), ▲Bitwise ETHW (–$11.23 million), ▲BlackRock ETHA (–$6.64 million). The remaining two products had no fund inflows or outflows.
The total trading volume was $1.3 billion, down from $1.72 billion on the previous trading day. The top traded products by volume were: ▲BlackRock ETHA ($763.38 million), ▲Grayscale ETH ($189.06 million), ▲Grayscale ETHE ($172.30 million).
The total net asset value (NAV) was $19.31 billion, accounting for approximately 5.10% of Ethereum’s total market cap. The products with the largest NAVs were: ▲BlackRock ETHA ($11.2 billion), ▲Grayscale ETHE ($2.79 billion), ▲Fidelity FETH ($2.34 billion).
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