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Home»ADOPTION NEWS»Spot Ethereum ETFs See $4.9 Million Inflows, Grayscale’s ETHE Ends 14-Day Outflow Streak
ADOPTION NEWS

Spot Ethereum ETFs See $4.9 Million Inflows, Grayscale’s ETHE Ends 14-Day Outflow Streak

By Crypto FlexsAugust 13, 20242 Mins Read
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Spot Ethereum ETFs See .9 Million Inflows, Grayscale’s ETHE Ends 14-Day Outflow Streak
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Market • August 13, 2024 12:59 AM EDT

Posted 1 minute earlier ~ in

US Spot Ethereum Ethereum

+4.75%
Exchange-traded funds (ETFs) saw $4.9 million in inflows on Monday, while the Grayscale Ethereum Trust (ETHE) saw no inflows for the first time since it was converted to an ETF.

According to data from SosoValue, net inflows into the nine Ethereum ETFs have reversed after three consecutive days of declines.

In particular, Grayscale’s ETHE recorded zero flows after 14 days of outflows. VanEck’s ETHV was the only spot ether ETF to report net outflows of $2.92 million, the first time ETHV has reported outflows since July 23.

Fidelity’s FETH recorded net inflows of $3.98 million, Bitwise’s ETHW reported inflows of $2.86 million, and Franklin’s EZET saw inflows of around $1.01 million.

Total daily trading volume for spot ether ETFs reached $286 million on Monday, up from $166.9 million on Friday.

Spot Bitcoin ETFs are seeing inflows.

Meanwhile, the 12 spot Bitcoin ETFs in the U.S. reported net inflows of $27.87 million on Monday.

Ark and 21Shares’ ARKB had the largest net inflow among the funds, with $35.4 million. BlackRock’s IBIT had net inflows of $13.45 million, while Grayscale’s Bitcoin

+1.21%
An inflow of $7.85 million was experienced.

Bitwise’s BITB and Grayscale’s GBTC also saw $17.06 million and $11.77 million flow out of their funds, respectively.

At the time of writing, the Bitcoin price was up 1.09% over the last 24 hours, reaching around $59,128. Price page of the blockEther rose 4.51% to trade at $2,657.


Disclaimer: The Block is an independent media outlet providing news, research and data. As of November 2023, Foresight Ventures is the largest investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information on the cryptocurrency industry. Below are the current financial disclosures.

© 2024 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be legal, tax, investment, financial or other advice.

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