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Ethereum ETFs Record an Abysmal Day of Trading, Pulling in Only $1.2 million 

Ethereum ETFs recorded an abysmal day of trading pulling in only $1.2 million and recording a transaction in just one of its ETF products. 

Investor activity has been dipping in both Ethereum and Bitcoin ETFs. The exchange-traded funds have witnessed minimal activity in recent weeks. 

The peak in activity was recorded yesterday on Ethereum ETFs pulling in only $1.2 million. 8 out of the nine Ethereum ETFs recorded no transaction for the day in a shocking turn of events. 

The inactivity could be attributed to investors holding their cards to their chest while awaiting Donald Trump’s inauguration. The dynamics of a Trump presidency on the crypto market could be a motivating factor for investors to withhold funds until the inauguration. 

Stakeholders in the crypto industry are already lobbying Donald Trump to launch a strategic Bitcoin reserve within the first 100 days of his administration. 

Farside Investors UK revealed that Bitwise ETHW pulled in $1.2 million, the only inflow for the day. 

The remaining 8 Ethereum ETFs recorded no transactions continuing a growing trend of low investor activity in the two existing crypto ETFs. 

Ethereum Price Analysis 

Ethereum at the moment is exchanging hands for $3,193 dropping by 0.7% in the last 24 hours. 

Ethereum is almost $1,000 down from the $4,000 mark it breached in the last month of 2024. The crypto asset is yet to breach its all-time high for three years. 

Ethereum was currently retraced with Bitcoin earlier this week. It dropped to $3,000 on Jan 13 the same day Bitcoin dropped below the $90,000 mark. 

The top two crypto assets have since recovered to $96,866 and $3,193.