The nine Ethereum ETFs continued a disturbing trend of low investor activity, pulling in only $12.6 million for the day.
Blackrock’s ETHA was the only ETF product to record an inflow for the day with the remaining funds recording no inflow or outflow.
This is the second time the Ethereum ETFs are recording extremely low transactions.
On February 7th, Ethereum ETFs closed the trading day with a $0 balance sheet, recording no inflows or outflows.
The ETF funds nearly repeated the same result yesterday, safe for Blackrock’s ETHA, which pulled in $12.6 million.
Ethereum ETFs are yet to live up to expectations nearly 8 months after its launch.
SEC Extends Ethereum ETF Options
The Securities and Exchange Commission extended its approval for Ethereum ETF options, which recently confused Ethereum ETF investors.
Investors are concerned about the final structure and approval of these products. The regulatory lag has, in turn, dampened investor enthusiasm and affected trading volumes.
In addition to the above reason, ETF experts earlier explained that a major difference between the Ethereum and Bitcoin Ecosystems is the complexity of their networks and how easy it is for investors to understand the basics of the network.
Investors find the Bitcoin ecosystem easier to digest and understand, which is why there have been impressive inflows in its ETF.
Ethereum, on the other hand, is somewhat complex and has a steep learning curve, which can hinder investors from fully embracing the network.
Ethereum ETFs were predicted to pull in at least $15 billion in the first 18 months. That has not been the case so far, as the Ethereum ETFs have only managed $3.17 billion in cumulative inflow since launch.
