Ethereum ETFs Continue Poor Performance Pulling in Only $23 Million

The nine Ethereum ETFs continued underperforming last Friday pulling in only $23.9 million for the day

The ethereum ETFs continued a streak of low investor activity with most of the Ether ETF funds recording no transaction

Six out of the Nine Ether ETFs recorded no transaction with the remaining three pulling in minimal inflows

None of the three ETFs recorded an inflow above $20 million with the highest inflow recorded by Fidelity FETH

Fidelity’s FETH pulled in $14 million for the day while Blackrock’s ETHA recorded an inflow of $7.4 million. Bitwise ETHW recorded the least inflow for the day pulling in $2.5 million

The net inflow for the nine Ethereum ETFs stood at $23.9 million on the last trading day of the week

Ethereum Price Analysis

Ethereum is exchanging hands at the moment for $3,350 dropping by 1.2% in the last 24 hours

The Ethereum Ecosystem received a lot of liquidity yesterday when World Liberty Financial, a decentralized finance (DeFi) platform linked to the Trump family, acquired 14,403 ether (ETH), valued at approximately $48 million

The purchase increased the platform’s total Ethereum holdings to over 38K ETH, equivalent to over $125 million at current price

Ethereum Founder Vitalik Buterin recently outlined some reformations in the Ethereum ecosystem as the network’s native token Ethereum continues to underperform