News

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.

ChainCatcher News, Matrixport released a market view stating that Ethereum ETF performance remains lackluster this month. Looking back at historical data, July and August recorded strong net inflows of $5.2 billion and $4.3 billion respectively; in September, it plummeted to $300 million, and in October, only $600 million, with limited follow-up capital. Recently, the buying structure has been concentrated, mainly contributed by Bitmine. Without new institutional capital entering the market, ETH may continue to consolidate, and a deeper correction cannot be ruled out. Bitmine's fund net asset value (NAV) is slightly above the issuance level, allowing for continued issuance of shares to absorb incremental funds, but this will dilute the equity of existing holders; its sustainability is questionable.