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- Grayscale Ethereum Trust (ETHE) saw a 2.50% decline in market price.
- Fidelity’s Ethereum ETF (FETH) experienced a 2.41% drop in market price.
- Net inflows continued despite the market corrections in Ethereum ETFs.
According to a recent update by SoSoValue tracking Ethereum exchange-traded funds (ETFs) performance as of March 31, the total net inflows for the day amounted to $6.42 million, contributing to a cumulative total of $2.42 billion. The total value traded reached $205.23 million for the day.
ETHE Leads with $2.22B Despite Price Drop
A deeper analysis indicates that the Grayscale Ethereum Trust (ETHE) recorded the highest net asset value at $2.22 billion among the Ethereum-related products listed. Despite its dominance, its market price declined 2.50% to $15.22, reflecting a decrease in its market performance. ETHE also recorded a 1.01% Ethereum share, with a trading fee of 2.50%.
The Grayscale Ethereum Trust (ETH) follows closely with a net asset value of $833.62 million. ETH’s market price was reported at $17.22, with a daily change of -2.38%. The product accounted for 0.38% of Ethereum’s share and had a minimal fee of 0.15%.
The Bitwise Ethereum Trust (ETHW) saw a reduction in its net asset value, which stood at $174.64 million, marking a negative 2.24% change in its market price. This brought its price down to $13.12, accompanied by a fee of 0.20%. Additionally, the ETHW product represented just 0.08% of Ethereum’s market share.
Fidelity’s ETF Sees $6.42M Inflows, While VanEck and EZET Dips
Fidelity’s Ethereum ETF (FETH) displayed a higher 1-day net inflow of $6.42 million, totaling $733.92 million in net assets. Despite its inflow, the market price fell to $18.25, reflecting a 2.41% drop. The product’s Ethereum share was reported at 0.33%.
Other products, such as the VanEck Ethereum Trust (ETHV) and Franklin Templeton’s (EZET,) also experienced price drops of 2.34% and 2.39%, respectively. These ETPs recorded net asset values of $84.73 million and $21.63 million, with trading volumes of 140.46K and 95.66K.
Most Ethereum ETFs saw a decrease in their market price on March 31, with net inflows indicating continued interest despite the market corrections. This reflects the volatility and ongoing adjustments in Ethereum Traded Funds.