BlackRock Leads as Spot Ethereum ETFs Attract $104.8M During Market Volatility
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This week, Ethereum ETFs experienced notable ups and downs, with significant inflows and outflows. While Grayscale faced substantial withdrawals, BlackRock enjoyed strong gains.
Despite the rising interest in Bitcoin, Ethereum continues to attract investments, reflecting mixed market reactions influenced by major firms like BlackRock and Grayscale.
This past week highlighted significant volatility in spot Ethereum ETFs, with notable inflows totaling $104.8 million despite periods of outflows. BlackRock emerged as the dominant player, experiencing the most substantial gains, while Grayscale encountered major outflows, painting a complex picture of the Ethereum investment landscape.
The week began positively on Monday, August 5, with spot Ethereum ETFs accumulating $48.8 million in inflows, largely fueled by BlackRock’s impressive $47.1 million contribution. Fidelity and VanEck also reported positive inflows, adding to the early-week optimism. However, this was tempered by Grayscale’s substantial $46.8 million in outflows, which dampened the overall sentiment.
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