Crypto
ETHB Sees Fresh Inflows Amid Ethereum Price Weakness
The iShares Staked Ethereum Trust ETF's ETHB saw fresh inflows of $5.91 million on July 29, despite a softer backdrop for digital assets.
This represents about 1.05% of the fund's $562.1 million in assets under management, signaling renewed investor appetite for staked Ethereum exposure.
The related asset ETH-USD is currently trading at $1,851.94, having shed about 21.3% over the past three months.
The ETF's inflow stands out against a backdrop of technical weakness in the spot market, with ETH-USD flashing a cautionary tone and a 1-day signal of Strong Sell.