In a surprising twist, 21Shares Ethereum ETF (TETH) has experienced a notable inflow of $742,300, marking a significant movement in its assets under management (AUM), which now stands at $28,092,840. This latest fund flow represents a 2.64% increase relative to its current AUM, a noteworthy shift in the ETF’s financial landscape.
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Over the past year, however, the ETF has faced challenges, with a net flow of -19.42%, indicating a broader trend of outflows that the recent inflow has only partially offset. This reflects a complex interplay of investor sentiment and market dynamics surrounding Ethereum.
The related asset, ETH-USD, is currently trading at $3,183.40. Over the past five days, Ethereum has seen a modest increase of 1.03%, yet the 1-day technical signal suggests a Sell stance, indicating potential short-term bearish sentiment among traders.
For a more detailed analysis and real-time sentiment trends, check the live cryptocurrency prices here.