Spot EthereumETHAccording to Farside Investors, exchange-traded fund (ETF) net inflows in the US reached $5.9m on August 28th after nine days of consecutive outflows. data.
Grayscale Ethereum Trust The (ETHE) fund saw $3.8 million of outflows on yesterday. It was the least amount since July 23, when the first spot Ether ETFs launched in the US.
Additionally, BlackRock’s iShares Ethereum Trust ETF The first signs of money flowing into the market after five days without trading were $8.4 Million in (ETHA). After five days of no trading, the (ETHA) registered $8.4 million inflows. Fidelity Ethereum Fund FETH added $1.3 millions to its inflows and ended the day on a high note.
ETHA is the only exchange that hasn’t seen a day with outflows, despite neutral flow on 9 out of 27 days.
The amount of capital that has left the ETHE fund may have slowed down since August 22.
More than $2 billion of inflows
US-listed Ethereum ETFs are currently experiencing negative net flows totaling $475.7 Million. With the exception of ETHE’s $2.55bn in outflows, these ETFs have already exceeded $2 billion worth of inflows within just 27 trading day.
ETF Store CEO Nate Geraci said that if Ethereum ETFs are considered as a single product, the value would be the equivalent of the fourth largest ETF launched to date.
Noteworthy is the “super Ethereum ETF”Bitcoin would be the only currency to beat in terms of inflows.BTC) ETFs: BlackRock‘s IBIT, Fidelity‘s FBTCThe ARK 21Shares‘ ARKB.
Geraci said that ETHA was the biggest spot Ethereum ETF, with more than $1 billion of inflows. It is the 7th largest ETF launch.
FETH Bitwise Ethereum ETFETHWThe second- and third-most significant cash inflows are $389.9 million and $301.4 million respectively.
You can also contact us by clicking here. GrayscaleETHE’s Ethereum Mini Trust is responsible for all the net negative flows recorded by Ethereum spot ETFs.ETHSince its launch, the package has attracted $235.6 millions in new inflows.
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