CDS Crypto News Big Win for Ethereum: $4.9 Million Inflows into Spot ETFs
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Big Win for Ethereum: $4.9 Million Inflows into Spot ETFs

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Big Win for Ethereum: $4.9 Million Inflows into Spot ETFs

Big Win for Ethereum: Ethereum ETFs See a $4.9 Million Surge; Grayscale’s ETHE Breaks 14-Day Outflow Pattern

Big Win for Ethereum– On Monday, U.S. spot Ethereum ETFs saw $4.9 million in new investments, marking a turnaround after a period of negative flows. The Grayscale Ethereum Trust (ETHE) notably recorded zero flows for the first time since its conversion into an ETF, ending a 14-day streak of outflows.

Data from SosoValue revealed that, following three consecutive days of negative flows, the net inflows into the nine ether ETFs reversed direction. While Grayscale’s ETHE experienced a pause in outflows, VanEck’s ETHV was the sole ETF with negative flows, totaling $2.92 million. This was the first time ETHV reported outflows since July 23.

Fidelity’s FETH saw $3.98 million in inflows, Bitwise’s ETHW attracted $2.86 million, and Franklin’s EZET added about $1.01 million in inflows. Overall, the total daily trading volume for these spot ether ETFs surged to $286 million, up from $166.9 million on Friday.

Spot Bitcoin ETFs See Significant Inflows Despite Some Funds Experiencing Outflows

On Monday, U.S. spot bitcoin ETFs saw substantial net inflows totaling $27.87 million. Among the top performers, Ark and 21Shares’ ARKB led with $35.4 million in net inflows. BlackRock’s IBIT followed with $13.45 million, while Grayscale’s BTC saw an increase of $7.85 million.

However, not all funds shared in the positive trend. Bitwise’s BITB and Grayscale’s GBTC both faced outflows, with $17.06 million and $11.77 million, respectively, exiting these funds.

Big Win for Ethereum: $4.9 Million Inflows into Spot ETFs

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