Data shows that Ethereum Spot ETFS has witnessed net flow for eight consecutive weeks now, a sign of the continued institutional demand.
Ethereum Spot Etf Netflow remains positive
In new mail On X, Glassnode participated in the Analysis Company on the series, update on how the weekly Netflow Netflow is Funds circulating in immediate exchange (ETFS) From ethereum was looking. Instant investment funds refer to investment compounds that allow investors to be exposed to origin without the need to own it directly. These ETFS trades on traditional platforms, allowing for an easier investment method for those who find the exchange of cryptocurrencies and overwhelming portfolios for transportation.
Below is the graph that the Analysis Company shares, which shows how the investment funds circulated in the American ETHEREUM Spot were working recently:
From the graph, it is clear that the Netflow related to Ethereum Spot ETFS was recently on a green line. This means that the flows in governors connected to the circulating investment funds for the constantly occurs. Last week, he witnessed a net flow of 61000 ETH, at a value of $ 157.3 million at the current exchange rate. With these flows, the investment funds circulating in the encrypted currency have witnessed positive values for eight consecutive weeks.
since Institutional investors In general, this investment route has taken to Ethereum, continuous flows can be a sign of constant demand from them. Despite this interest, the ETH price remained closed in the stage of the sides.
ETHEREUM is not the only origin that monitors the demand for the traded investment funds. The Analysis Company also referred to the series to Santiment in X mailBitcoin also had clear flows.
As shown in the above chart, the Bitcoin Netflow has been positively on 16 through the last 17 days trading. The only exception was on July 1, when external flows occurred.
In some other news, Ethereum noticed new capital flows over the past week, as Glassnode revealed in another x mail.
In the graph, the cover -lid data is displayed from the coins less than one week for ETAREUM and Solana. the “CapeIt measures the amount of capital that investors put in a specific network. The focus version here specifically calculates the capital that came during the past week.
From the graph, it is clear that the scale has seen an increase in both ETH and Sol during the past week, indicating that the new capital has flowed. The latter outperformed the previous, with the scale approaching $ 6.2 billion and $ 8.3 billion, respectively.
ETH price
At the time of this report, Ethereum floats about $ 2,580, increasing more than 5 % last week.
