US -based Spot Ethereum $3,555.25 ETF‘s 465.1 million dollars on August 4 with a net output since the launch of the highest daily exit. 375 million dollars from Blackrock’s ETHA ETF alone, while Fidelity’s conquest, Grayscale’s Ethe, and Ethereum Mini Trust, were also included in the list of ETFs. Experts Ethereum He emphasizes that short -term profit purchases are effective in the ETF market and that long -term corporate demand remains strong.
Record exit from Ethereum ETFs
465.1 million dollars output on August 4 ETF‘s’s record entries recorded in the previous weeks came immediately. ETFs were 2.2 billion in the second week of July and 1.9 billion dollars in the third week. In the previous week, 154.3 million dollars of entrance was seen. Data provided by Sosovalue The fluctuation in ETFs is directly crypto currency It shows parallelism with volatility in prices.
Especially the world’s largest asset management company BlackrockThe fact that the ETHA fund of $ 375 million from the ETHA fund attracted the attention of the sector. Fidelity and Grayscale were the scene of the exit with ETFs. From Presto Research Peter ChungAccording to the United States last week due to weak employment data on Friday, the tendency to escape from the risk may be reflected in ETF data with a 1-2 -day delay.
Corporate demand and market view
Director of LVRG Research Nick Ruckthis output, which is seen after the high entrances, is only short -term profit intake. “Corporate demand does not yet signal a decrease”. Kronos Research CIO Vincent Liu He also drew attention to the escape of rotation and risk.
CryptoappsyAccording to the data Eth He is trying to compensate for the weekend decline by gaining 4.1 percent in the last 24 hours. This supports the expectation that the fluctuation in ETFs is temporary. Analysts underline that such daily movements do not reflect the long -term trend. With all this Spot Bitcoin 
$114,414.66 ETF‘s on August 4, 333.2 million dollars out of Friday $ 812.3 million output after the negative day saw.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
