The nine-spot ethereum ETFs surprisingly recorded no outflows for the day while pulling in a commendable $144 million.
The $144 million pulled in by the Ethereum ETFs is an encouraging figure compared to yesterday’s $51 million.
Farside Investors UK data revealed that Blackrock’s ETHA recorded the highest inflow for the day pulling in $134 million.
Grayscale’s ETH and Fidelity’s FETH followed suit pulling in $4.5 million and $3.9 million.
Franklin EZET pulled in the least funds for the day recording an inflow of $1.5 million.
The cumulative Total net Inflow for the 9 spot Ethereum ETFs stands at $2.46 billion as of closing hours of yesterday’s trading per SosoValue Data.
The total value traded for the nine Ether spot ETFs stands at $664.87 million at the moment.
Ethereum Price Analysis
Ethereum at the moment is exchanging hands for $3,885 dropping by 2.2% in the last 24 hours with a maximum price of $3,980 and a minimum price of $3,815.
The crypto asset is 20.6% down from its all-time high of $4,878.
Ethereum remains the second largest crypto asset by Market capitalization and one of the choice blockchains for building of Decentralized apps and other products.
The Blockchain has come under criticism for what is perceived as a lag in its price having failed to beat its all-time high for 3 years now.
Crypto News reported earlier on some of the criticisms leveled against the Ethereum Ecosystem by the Industry’s top voices.
Ethereum Co-founder Vitalik Buterin was also hit with speculations of selling Ethereum for personal benefits which he strongly refuted.
He clarified that he hadn’t sold Ethereum for personal use in years and his recent onchain transactions with ETH is usually geared towards funding humanitarian concerns.