OKG Research: On the first day of Ethereum spot ETF, the net inflow of large funds on the Ethereum chain outside of the ETF channel was 35 million US dollars

PANews reported on July 24th that, according to an analysis by OKG Research of the European Science Cloud Chain Institute, Ethereum's ETH spot ETF first-day report card was released: a total of $590.7 million flowed in and $484.1 million flowed out, with a net inflow of $107 million.

The large amount of funds flowing out from the Ethereum chain (each fund over $5 million) is 70,069 ETH, approximately $241 million. The large amount of funds flowing into the Ethereum chain (each fund over $5 million) is 111,278 ETH, approximately $383 million. The net inflow of large amounts on-chain is about $142 million. Compared to yesterday's net outflow, news about the spot ETF still attracted more funds to enter the market. Excluding the money invested in buying ETH through the ETH spot ETF channel, it is estimated at around 35 Million dollars.

Compared with Bitcoin's first day net inflow of 655 Million dollars. In terms of market value BTC is more than three times that of ETH and BTC attracts six times as much capital entering crypto markets via Spot ETF channels compared to ETH . Data from Ethereum’s Spot ETF listing debut indicates traditional finance continues favoring BTC.