eth etfs added $29.1m yesterday, second straight day of inflows. the two day streak is a small green blip on a five day window that's still underwater at negative $26.5m. total aum sits at $9.0b against a cumulative net inflow since launch of $10.9b, so price depreciation has eaten roughly $1.9b of the original capital. daily value traded was $0.7b, not exactly a stampede.
for the five day trend to flip positive today, we'd need a single day inflow north of $26.5m. that's within reach given yesterday's pace, but it would require the same conviction showing up two days in a row. haven't seen that in a while.
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Originally published on FalsifyLab Substack.