Ethereum ETFs continued a streak of low inflows pulling in only $59.7 million yesterday.
The nine Ethereum ETFs recorded no outflow continuing the trend of Extreme Investor activity noticed this year.
Only four Ethereum ETFs recorded a transaction yesterday with five Ethereum ETFs stuck at null.
Low investor activity was reversed in the Bitcoin ETFs yesterday with Nine ETFs recording transactions.
However, the trend has not reversed in the Ethereum ETFs with the funds still showing low investor activity.
Farside Investors UK revealed that Fidelity FETH led the inflows for the day pulling in $29.3 million.
Blackrock’s IBIT followed suit recording $19.8 million in Inflows. Fidelity’s Bitcoin and Ethereum ETFs surpassed that of Blackrock yesterday.
Grayscale’s ETH and VanEck’s ETHV recorded the remaining inflows for the day pulling in $8.1 million and $2.5 million.
Ethereum ETFs have underperformed since they were launched in July last year.
Bitwise CIO Matt Hougan predicted Ethereum ETFs to pull in $15 billion in the first 18 months. The ETFs are nowhere close to that target in its 7 months. Analysts believe Ethereum’s ecosystem and higher barrier to learning are key issues leading to the lag.
Ethereum is currently exchanging hands for $3,288 dropping by 1.4% in the last 24 hours.
