Here’s the $ETH number that caught my attention today, and it isn’t the ETH price. U.S. spot Ethereum ETFs recorded about $66 million in net inflows on September 24, extending their positive streak to five consecutive trading sessions.
Across September 21–24 alone, the ETFs attracted roughly $603 million, with daily inflows of about $270 million, $162.2 million, $104.5 million and $66 million respectively. At the same time, $ETH has pulled back from the $2,800 area and is trading around the $2.7K region. What I find interesting is that ETF demand has stayed positive even while the price has cooled from the recent high. That doesn’t mean ETF inflows guarantee another move higher, but it does give us another piece of information beyond the price chart. I’m going to watch whether this demand continues if $ETH faces another period of volatility. Do you pay more attention to ETH’s ETF flows now, or is the price chart still your main signal?#QNTRises39% #BitgetBreachForgedRequestsNotStolenKeys #Ethereum #ETH #BinanceSquare #Crypto #ETHUSDT #CryptoMarket #DYOR
Across September 21–24 alone, the ETFs attracted roughly $603 million, with daily inflows of about $270 million, $162.2 million, $104.5 million and $66 million respectively. At the same time, $ETH has pulled back from the $2,800 area and is trading around the $2.7K region. What I find interesting is that ETF demand has stayed positive even while the price has cooled from the recent high. That doesn’t mean ETF inflows guarantee another move higher, but it does give us another piece of information beyond the price chart. I’m going to watch whether this demand continues if $ETH faces another period of volatility. Do you pay more attention to ETH’s ETF flows now, or is the price chart still your main signal?#QNTRises39% #BitgetBreachForgedRequestsNotStolenKeys #Ethereum #ETH #BinanceSquare #Crypto #ETHUSDT #CryptoMarket #DYOR
