Matrixport: Ethereum ETF Inflows Slow Down, Bitmine Becomes Main Source of Recent Buying
ChainCatcher news, Matrixport released an analysis today stating that inflows into Ethereum ETF have recently slowed significantly, dropping from strong net inflows of $5.2 billion and $4.3 billion in July and August respectively, to only $300 million in September and just $600 million in October.
Latest data shows that recent buying activity is concentrated, mainly contributed by Bitmine. Analysts pointed out that if there is a lack of new institutional capital entering the market, the price of ETH may continue to consolidate, or even experience a deeper correction. It is worth noting that the net asset value of the Bitmine fund is slightly above its issuance level. Although it can continue to issue new shares to absorb incremental funds, this will dilute the equity of existing holders, raising questions about its sustainability. The next Ethereum upgrade, Fusaka, is scheduled for December 3, 2025.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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