Source: Cryptonews
Original Title: Ethereum ETFs turn green with $174M inflows, ETHE leads
Original Link: https://crypto.news/ethereum-etfs-turn-green-with-174m-inflows-ethe-leads/
Ethereum spot ETFs recorded $174.43 million in net inflows on January 2, breaking a pattern of year-end redemptions.
Summary
Ethereum ETFs recorded $174M in inflows, breaking December’s redemption trend.
Grayscale and BlackRock led buying as weekly flows turned positive again.
Bitcoin ETFs mirrored strength with $471M in inflows.
Grayscale’s ETHE led all funds with $53.69 million in inflows, while Grayscale’s mini ETH trust added $50.03 million.
BlackRock’s ETHA attracted $47.16 million as per the latest data. Bitwise’s ETHW posted $18.99 million in inflows and VanEck’s ETHV saw $4.56 million.
Fidelity’s FETH, along with Franklin’s EZET, 21Shares’ TETH, and Invesco’s QETH recorded zero flow activity.
First weekly Ethereum ETFs inflow since early December
The January 2 inflows pushed weekly totals to $160.58 million, the first positive week since December 12 when Ethereum ETFs attracted $208.94 million.
The week ending December 26 saw $102.34 million in outflows, while the week ending December 19 posted $643.97 million in redemptions.
Daily flows throughout late December remained volatile. December 31 saw $72.06 million in outflows, while December 30 attracted $67.84 million in inflows. December 29 posted $9.63 million in withdrawals.
The year-end selling pressure reversed sharply on January 2 as investors returned from the holiday break. Total value traded reached $2.26 billion, up from $808.11 million on December 31.
Total net assets under management climbed to $19.05 billion on January 2 from $17.95 billion the previous trading day.
Cumulative total net inflow across all Ethereum ETFs reached $12.50 billion, recovering from $12.33 billion on December 31.
Grayscale’s ETHE holds -$5.00 billion in net outflows since converting from a trust structure. BlackRock’s ETHA maintains $12.61 billion in cumulative inflows. Fidelity’s FETH has accumulated $2.65 billion in total inflows.
Bitcoin ETFs post $471M in matching strength
Bitcoin spot ETFs mirrored Ethereum’s strength with $471.14 million in net inflows on January 2. The inflows reversed December 31’s $348.10 million in outflows.
BlackRock’s IBIT led Bitcoin funds with approximately $287 million in inflows based on fund-level data.
Total net assets for Bitcoin ETFs reached $116.95 billion on January 2, up from $113.29 billion the previous day. Cumulative total net inflow climbed to $57.08 billion from $56.61 billion.
The January 2 trading session saw $5.36 billion in total Bitcoin ETF volume, nearly double December 31’s $2.83 billion.
December 30 posted $355.02 million in Bitcoin ETF inflows before the year-end reversal.
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CryptoPunster
· 01-05 20:36
Here we go again, this time ETH's performance is recovering even faster than my wallet.
View OriginalReply0
GameFiCritic
· 01-03 18:50
174M inflow? The data is indeed impressive, but the key is to see how the subsequent retention rate performs. Such rebounds are often short-term emotional releases.
View OriginalReply0
FlashLoanLarry
· 01-03 18:45
Finally not being smashed, 174M inflow, still need to see how long ETHE can hold up
View OriginalReply0
Gm_Gn_Merchant
· 01-03 18:43
Finally, Ethereum has turned the tide. In January, it attracted 174 million in funding right at the start, and this momentum is incredible.
View OriginalReply0
WalletInspector
· 01-03 18:33
Finally, it's not bleeding, and the inflow of 174M looks much more comfortable.
Ethereum ETFs turn green with $174M inflows, ETHE leads
Source: Cryptonews Original Title: Ethereum ETFs turn green with $174M inflows, ETHE leads Original Link: https://crypto.news/ethereum-etfs-turn-green-with-174m-inflows-ethe-leads/ Ethereum spot ETFs recorded $174.43 million in net inflows on January 2, breaking a pattern of year-end redemptions.
Summary
Grayscale’s ETHE led all funds with $53.69 million in inflows, while Grayscale’s mini ETH trust added $50.03 million.
BlackRock’s ETHA attracted $47.16 million as per the latest data. Bitwise’s ETHW posted $18.99 million in inflows and VanEck’s ETHV saw $4.56 million.
Fidelity’s FETH, along with Franklin’s EZET, 21Shares’ TETH, and Invesco’s QETH recorded zero flow activity.
First weekly Ethereum ETFs inflow since early December
The January 2 inflows pushed weekly totals to $160.58 million, the first positive week since December 12 when Ethereum ETFs attracted $208.94 million.
The week ending December 26 saw $102.34 million in outflows, while the week ending December 19 posted $643.97 million in redemptions.
Daily flows throughout late December remained volatile. December 31 saw $72.06 million in outflows, while December 30 attracted $67.84 million in inflows. December 29 posted $9.63 million in withdrawals.
The year-end selling pressure reversed sharply on January 2 as investors returned from the holiday break. Total value traded reached $2.26 billion, up from $808.11 million on December 31.
Total net assets under management climbed to $19.05 billion on January 2 from $17.95 billion the previous trading day.
Cumulative total net inflow across all Ethereum ETFs reached $12.50 billion, recovering from $12.33 billion on December 31.
Grayscale’s ETHE holds -$5.00 billion in net outflows since converting from a trust structure. BlackRock’s ETHA maintains $12.61 billion in cumulative inflows. Fidelity’s FETH has accumulated $2.65 billion in total inflows.
Bitcoin ETFs post $471M in matching strength
Bitcoin spot ETFs mirrored Ethereum’s strength with $471.14 million in net inflows on January 2. The inflows reversed December 31’s $348.10 million in outflows.
BlackRock’s IBIT led Bitcoin funds with approximately $287 million in inflows based on fund-level data.
Total net assets for Bitcoin ETFs reached $116.95 billion on January 2, up from $113.29 billion the previous day. Cumulative total net inflow climbed to $57.08 billion from $56.61 billion.
The January 2 trading session saw $5.36 billion in total Bitcoin ETF volume, nearly double December 31’s $2.83 billion.
December 30 posted $355.02 million in Bitcoin ETF inflows before the year-end reversal.