Fun

Ethereum Spot ETFs Outshine Bitcoin Counterparts With Double Market Inflows – Details

News Feed - 2025-02-10 02:02:09

Este artículo también está disponible en español.


The Ethereum Spot ETFs began February 2025 on a strong positive note, recording net inflows double the size in the Bitcoin ETF market in the first week of the month. Interestingly, this development coincided with a bearish trading week for Ethereum, during which its price declined by 16.18%. Related Reading Ethereum Spot ETFs Suffer $186 Million Outflows As New Year Struggles Persist – Details 4 weeks ago Ethereum Spot ETFs Register $420 Million Inflows Amid Price Fall


As prices of Ethereum struggled to find market stability in the past week, the Ethereum Spot ETFs experienced an increased level of market interest translating into a net inflow of $420 million. Da ta from SoSoValue show the ETH ETFs pulled inflows significantly larger than the $203 million registered by the Bitcoin Spot ETFs despite the premier cryptocurrency having a better price performance. 


Commenting on this eye-catching development, Coinbase analysts have attributed Ethereum ETF performance to a spiked interest in ETH as a preferred asset for CME basis trade over Bitcoin.


  Source: Coinbase


For context, the CME basis trade is a common trading strategy where market participants go long on an asset in the spot market and short in the future market with intentions to profit from the difference in market prices. According to data from Coinbase, CME ETH basis trade produced a higher gain (16%) than that of Bitcoin (10%) over the last week translating into an increased market institutional interest in the Spot ETFs. 


Of the reported net inflows in the Ethereum ETF market,BlackRock’s ETHA remains investors’ favorite with total net deposits of $286.81 million. Unsurprisingly, Fidelity’s FETH came second with aggregate investments of $97.28 million.


Grayscale’s ETHE, ETH, Bitwise’s ETHW, and 21 Shares’ CETH also recorded modest net inflows between $4 million -$18 million. Meanwhile, Invesco’s QETH, Franklin Templeton’s EZET, and VanEck’s ETHV all record zero net flows. Over the last trading week, the Ethereum Spot ETFs saw their net assets decline to $9.88 billion despite a net positive flow. At the time of writing, these ETFs now control 3.17% of the ETH market cap. Related Reading Ethereum Price Could Be Primed For Another 100% Move After Printing Capitulation Candle 2 days ago ETH Price Overview 


At press time, Ethereum trades at $2,681 following a 1.46% rise in the last 24 hours. However, daily trading volume is down by 45.15% and is now valued at $16 billion.


According to its daily trading chart, the Ethereum Relative Strength Index is currently at 34.03 heading in an upward direction. This data suggests strong potential for a price reversal following last week’s price crash. In driving any price rally, market bulls will encounter strong resistance in the $3400 price zone, pushing past which could allow a return to the local market peak of $4,000. ETH trading at $2,681 on the daily chart | Source:ETHUSDT chart on Tradingview.com Featured image from ShutterStock, chart from Tradingview

News Feed

Arijit Sarkar1 hour agoIndia G20 confirms ‘active discussions’ around global crypto frameworkSitharaman said crypto was a “threat as well as an opportunity” while confirming that G20 members are working toward es
Analyst’s Bitcoin Price Prediction From March Plays Out, Here’s The Rest Of It
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Report Claims Nayib Bukele’s Regime May Issue a Salvadoran Stablecoin
Report Claims Nayib Bukele"s Regime May Issue a Salvadoran Stablecoin According to regional reports, El Salvador’s current leadership is in the midst of de
Ezra Reguerra13 hours agoBitget exec says KYC is useful to filter out illegitimate usersBitget managing director Gracy Chen said that if users are not doing illegitimate activities like money laundering, they should be
Rammstein Vocalist in Conflict With Russian Museum Over Unauthorized NFT Sale
Rammstein Vocalist in Conflict With Russian Museum Over Unauthorized NFT Sale Till Lindemann, lead singer of the German metal band Rammstein, has angered Russia&
Is Bitcoin Headed For A Meltdown? Veteran Trader Sees 75% Crash Ahead
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Brazilian Authorities Seize $33 Million in Money Laundering Investigation Linked to Cryptocurrency Exchanges
Brazilian Authorities Seize $33 Million in Money Laundering Investigation Linked to Cryptocurrency Exchanges The Brazilian authorities seized $33 million linked
IMF: Crypto Assets Become More Mainstream as Hedges Against Weak Currencies, Potential Payment Instruments
IMF: Crypto Assets Become More Mainstream as Hedges Against Weak Currencies, Potential Payment Instruments The International Monetary Fund (IMF) published a report stating that cry
Bitcoin To ‘Brutally Bleed Lower’ Or Break New ATH In Q2, Expert Warns
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Tristan Greene6 hours agoElon Musk trials $1 subscription signup fee for new X users in New Zealand, PhilippinesThe social media platform’s owner seems on the cusp of turning X into a fully subscription-based app.970 T
Bitcoin Price Suffers Bearish Deviation After Filling CME Gap, Is This Good Or Bad?
Este artículo también está disponible en español. The Bitcoin price is struggling to recoverfrom recent declines, as the market downtrend has kept it significantly below
What the Bitcoin halving means for BTC mining centralization
Robert D. Knight9 hours agoWhat the Bitcoin halving means for BTC mining centralizationThere are concerns that the halving may be bad news for mining decentralization.3371 Total views4 Total sharesListen to article 0:00A