ETH ETF flow analysis: expected net outflows will decrease in 2 weeks, and ETH price will receive more positive support
Overall, it feels like a good time to set buy orders for ETH, as it is expected to gradually strengthen in the next two weeks.Original source: Defi_Maestro X account
Author: Defi_Maestro
Compiled by: Deep Tide TechFlow
The inflow of $ETH ETF looks quite good, with the latest net outflow at $97.9 million (inflow of $58.6 million for $ETHA has not yet been updated in the table).
Deep Tide Note:
- The top of the table lists different investment institutions or products, including Blackrock, Fidelity, Bitwise, 21Shares, VanEck, Invesco, Franklin, and two Grayscale products.
- The second row shows the codes for each product, such as ETHA, FETH, ETHW, etc.
- The third row indicates the management fee rates for each product, ranging from 0.15% to 2.50%.
- The fourth row represents the initial capital or seed funding, with values ranging from 1.1 to 10,255.
- Next is the daily data from July 23 to July 29, which may represent the inflow or outflow of funds.
- Notably, the Grayscale ETHE product seems to have experienced significant outflows, showing negative values almost every day, totaling -1,723.5.
- In contrast, other products like Blackrock's ETHA and Fidelity's FETH showed positive inflows during this period.
- July 29 (the last row) is highlighted in green, possibly indicating that this is the latest data or a day that requires special attention.
- Overall, despite some products experiencing inflows, there seems to be a net outflow during this period, totaling -498.3.
The outflow of $ETHE has begun to slow down, with a net outflow of $210 million.
From the initial assets under management (AUM) of $9.2 billion, the total outflow is 19.8%.
The current asset holdings of $ETHE should be close to $7.4 billion.
Since the launch of the $ETH ETF, we have witnessed a 5% drop from the initial price of $3,490, with a total net outflow of $440 million.
The chart of ETH against BTC seems to have bottomed out, with $ETH recovering from a recent decline following Trump's speech about BTC.
Personal Thoughts
Given that the initial outflow of $ETHE is faster than that of $GBTC, we expect the outflow to begin slowing down in the next two weeks.
The outflow of $ETHE is expected to stabilize around 40-50% of the initial $9.2 billion AUM, approximately $4.5 billion to $5 billion.
As investors notice the slowing outflow of $ETHE, we can expect inflows to start increasing.
It is anticipated that the overall liquidity of ETH will see some positive inflows to match the slowing outflow of $ETHE.
Overall, it feels like a good time to set buy orders for $ETH, as it is expected to gradually strengthen in the next two weeks.
Reiterating, this is not financial advice.
Personally, I will increase my long position in $ETH and closely monitor ETF liquidity.
