The nine Ethereum ETFs continued underperforming last Friday pulling in only $23.9 million for the day.
The ethereum ETFs continued a streak of low investor activity with most of the Ether ETF funds recording no transaction.
Six out of the Nine Ether ETFs recorded no transaction with the remaining three pulling in minimal inflows.
None of the three ETFs recorded an inflow above $20 million with the highest inflow recorded by Fidelity FETH.
Fidelity’s FETH pulled in $14 million for the day while Blackrock’s ETHA recorded an inflow of $7.4 million. Bitwise ETHW recorded the least inflow for the day pulling in $2.5 million.
The net inflow for the nine Ethereum ETFs stood at $23.9 million on the last trading day of the week.
Ethereum Price Analysis
Ethereum is exchanging hands at the moment for $3,350 dropping by 1.2% in the last 24 hours.
The Ethereum Ecosystem received a lot of liquidity yesterday when World Liberty Financial, a decentralized finance (DeFi) platform linked to the Trump family, acquired 14,403 ether (ETH), valued at approximately $48 million.
The purchase increased the platform’s total Ethereum holdings to over 38K ETH, equivalent to over $125 million at current price.
Ethereum Founder Vitalik Buterin recently outlined some reformations in the Ethereum ecosystem as the network’s native token Ethereum continues to underperform.
