Ethereum ETF Holdings: US-based spot Ethereum ETFs now hold over 6.3 million ETH, representing 5.1% of the total supply, valued at $26.7 billion.
Market Impact and Investor Interest: The growth in Ethereum ETFs indicates increasing investor confidence, with significant inflows and outflows reflecting a dynamic investment landscape.
Recent Fund Movements: Despite a notable outflow of $196.6 million from Ethereum ETFs, there was a preceding eight-day inflow totaling $3.7 billion, suggesting volatility in fund flows.
Parallel Trends with Bitcoin: Spot Bitcoin ETFs also experienced substantial outflows, indicating interconnected market dynamics between Ethereum and Bitcoin investments.
