Ethereum ETFs Dominate, Grasping Over 5% of Supply

Recent data reveals that US-based spot Ethereum ETFs now manage over 6.3 million ETH, equivalent to 5.1% of the total Ethereum supply. This market penetration marks a significant milestone for these products, with their holdings valued at an impressive $26.7 billion. However, the week commenced with a substantial net outflow, amounting to nearly $196.6 million – marking it as the second-largest single-day outflow since the ETFs’ inception. On the same day, Bitcoin spot ETFs also witnessed notable outflows of $121.8 million.