Spot Ethereum ETFs pulled in $53.6 million yesterday recording no outflows for the day.
This is the 11th time since the first week of December that Ether ETFs have closed the trading day with a positive balance sheet recording only three red days since then.
However, the $53.6 million inflow is a steep drop from the previous day which saw Ether ETFs pull in $130 million.
Farside Investors revealed that Blackrock’s ETHA led the inflows for the day by a large stretch.
The Ethereum ETF fund pulled in $43.9 million making up over 80% of the inflows for the day.
Bitwise ETHW and Fidelity’s FETH pulled in $6.2 million and $3.5 million respectively.
The remaining ETF funds recorded no transactions for the day
Yesterday’s trading took the Cumulative Total net inflow to $2.51 billion with a total traded value of $262 million per Data from Sosovalue.
Ethereum Price Analysis
Ethereum is currently exchanging hands for $3,462 dropping by 0.1% in the last 24 hours. The crypto asset is down 9.6% on a 7-day scale and down 8.2% on a 14-day scale.
Ethereum has not breached its all-time high of $4,878 for three years rousing criticism from its community.
However, some Analysts have made some bold predictions of Ethereum outshining Bitcoin in January 2025.
Ethereum remains the second largest crypto asset with a Market Capitalization of $417 billion.
