Ethereum Spot ETF Inflow on October 7 was Zero, This is the Second Time!

Bittime - Yesterday on October 7, inflow ETF Ethereum Spot was zero. This is the second time that the Ethereum Spot ETF has had no inflow at all in one day. 

Even so, the total net assets of the Ethereum Spot ETF still reached $6.7 billion. Read this article to find out more!

Ethereum Spot ETF Inflow is Zero, What Does it Mean?

Source: sosovalue.com

Data from SoSoValue on October 7 showed that Ethereum Spot ETF inflow was zero. This condition also previously occurred on August 30. 

Zero inflow means that no new funds entered that Ethereum Spot ETF that day.  

However, zero inflow does not necessarily mean that Ethereum Spot ETFs are losing their appeal. This condition could reflect that investors are waiting for clearer market movements before making further investments.

Read Also: Ethereum ETF Potentially Pushes ETH Price to Reach $6,000

Ethereum Spot ETF Inflow is Zero, Total Net Assets Still Strong

Although the Ethereum Spot ETF inflow showed zero on 2 trading days, the total assets were net This ETF stands at $6.7 billion. 

This shows that even though there were no new funds coming in on those two days, the Ethereum Spot ETF still has a large and solid capitalization.

With total net assets of $6.7 billion, this ETF has a market value to total Ethereum market value ratio of 2.28%. This means that Ethereum Spot ETFs account for a significant portion of Ethereum's total market capitalization. 

Total Outflow of Ethereum Spot ETF 

Apart from inflow, it is also important to look at data outflow ETF Ethereum Spot. Data from SoSoValue shows the Ethereum Spot ETF has recorded a total outflow of $561 million. 

This quite large total outflow could be an indication that some investors have decided to take profits or perhaps shift their investments to other assets.

However, even though the outflow seems quite large, it is important to remember that cryptocurrencies including Spot ETFs are assets with high volatility. 

Movements in fund inflows and outflows often reflect changes in short-term investment strategies and do not mean that the assets are no longer attractive to investors.

Read Also: Hong Kong Gives Green Light to Ethereum ETF Staking Feature?  

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