Spot Ethereum (ETH) exchange-traded funds (ETFs) in the US saw a significant turnaround on Aug. 28, with $5.9 million in net inflows after nine consecutive days of outflows, according to Farside Investors data.
Grayscale Ethereum Trust (ETHE) experienced $3.8 million in outflows, the smallest amount since the introduction of spot Ether ETFs in the US on July 23.
BlackRock’s iShares Ethereum Trust ETF (ETHA) saw $8.4 million in inflows, marking the first positive movement in five trading days. The Fidelity Ethereum Fund (FETH) also added $1.3 million in inflows.
ETHA has maintained consistent positive flows since its launch, while ETHE has shown a gradual decrease in outflows since Aug. 22.
Over $2 billion in inflows
US-traded Ethereum ETFs have seen negative net flows of $475.7 million since their launch. Excluding the outflows from ETHE, these funds have already surpassed $2 billion in inflows in just 27 days of trading.
ETF Store CEO Nate Geraci noted that if the total value of Ethereum ETFs is considered as one product, it would rank as the fourth-largest ETF launch in history.
ETHA is currently the largest spot Ethereum ETF with over $1 billion in inflows, making it the seventh-largest ETF launch overall.
FETH and Bitwise Ethereum ETF (ETHW) have also seen significant inflows, capturing $392.9 million and $314.1 million respectively.
While Grayscale’s ETHE has contributed to negative net flows, its Ethereum Mini Trust (ETH) has added substantial value, with $235.6 million in inflows since its inception.
The article “Ethereum ETFs show positive flows after 9-day losing streak” was first published on CryptoSlate.
