**Crypto News Flash: Ether ETF Inflows Surge Amid Grayscale Outflows**

On August 1, Ether (ETH) exchange-traded funds (ETFs) in the U.S. saw a net inflow of $28.5 million, led by a hefty $91.4 million into BlackRock’s iShare Ethereum Trust (ETHA). This comes despite Grayscale’s Ethereum Trust (ETHE) experiencing outflows totaling $78 million, pushing its cumulative outflows past the $2 billion mark since its conversion to a spot ETF on July 23.

ETHE, which initially held $9 billion in Ether, has now seen 22% of its assets sold. Analysts predict that the slowing outflows from Grayscale could signal a bullish turn for ETH prices. ETH is currently trading at $3,168, down 8.5% since the ETFs' launch.