The nine Ethereum ETFs lost $159.4 million recording no inflow for the day.
The ethereum ETFs have recorded no inflow for the second time in a row starting an unlikely pattern.
Besides recording no inflows, a huge percentage of the Ethereum ETF funds have been recording no transactions.
Yesterday, Only Three out of the nine Ethereum ETFs recorded transactions with the rest seeing no inflow or outflow.
Farside Investors UK revealed that Fidelity’s FETH led the outflows for the day losing $147.7 million.
The remaining two outflows for the day were recorded by Grayscale’s ETHE and ETH losing $8.3 million and $3.4 million. Other ETF funds recorded no transactions.
The nine Ethereum ETFs have lost a collective $323.7 million so far this year, pulling in only $187.6 million.
Ethereum Price Analysis
Ethereum at the time of the report is exchanging hands for $3,283 dropping by 2.4% in the past 24 hours. The crypto asset is down 32.7% from its all-time high of $4,878.
Ethereum has yet to breach its all-time high for the past 3 years. The price tag has been blamed on structural issues with the ethereum blockchain and the underperformance of the Ethereum ETFs launched in July last year.
