TechFlow News: On March 1, according to SoSoValue data, Ethereum spot ETFs recorded net inflows of $80.46 million this week (U.S. Eastern Time, February 23–27).
The Ethereum spot ETF with the largest net inflows this week was Grayscale’s Ethereum Trust (ETHE), with weekly net inflows of $40.4688 million. ETHE’s cumulative net outflows to date stand at $5.15 billion. Second was Fidelity’s ETF (FETH), with weekly net inflows of $39.4843 million; FETH’s cumulative net inflows to date total $2.5 billion.
The Ethereum spot ETF with the largest net outflows this week was BlackRock’s ETF (ETHA), with weekly net outflows of $41.7752 million. ETHA’s cumulative net inflows to date total $11.83 billion.
As of press time, the total net asset value (NAV) of Ethereum spot ETFs stood at $10.96 billion, representing an ETF NAV ratio (i.e., ETF market value as a percentage of Ethereum’s total market capitalization) of 4.72%. Cumulative net inflows since inception have reached $11.6 billion.
