$ETH ETF finally saw some net inflows.
June 16.
Net inflow of $9.61 million.
Not huge.
But the direction has changed.
On that day, the total net inflow for Ethereum ETF was +$9.61 million, with the key buying pressure coming from BlackRock's ETHA, which saw a single-day inflow of +$17.34 million.
This indicates that there's still some interest in ETH; at least BlackRock is continuing to accumulate.
However, the structure isn't particularly strong either. Fidelity's FETH saw an outflow of $2.23 million, Bitwise's ETHW had an outflow of $3.47 million, and Grayscale's mini ETH also saw an outflow of $2.05 million, while other ETFs remained fairly stable.
So this isn't a full-on institutional buying spree returning.
It feels more like BlackRock is propping up the net inflows for the ETH ETF.
For ETH, what's crucial right now isn't just how much is flowing in on a single day, but whether this positive inflow can sustain itself. If ETHA continues to attract capital, the market's expectations for an ETH rebound will be more likely to heat up again.
In simple terms, funds are starting to flow back into ETH.
But we need more days of data to confirm whether this is the start of a new wave of institutional buying.
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$BTC $SOL #eth