💥💥💥 Spot #EthereumETFs see $4.9 million in inflows, Grayscale’s ETHE ends 14-day outflow streak
On Monday, U.S. spot Ethereum ETFs saw $4.9 million in net inflows, while spot Bitcoin ETFs reported $27.8 million in inflows.
The Grayscale Ethereum Trust (ETHE) saw no new flows for the first time since its conversion into a spot ether ETF, ending a streak of 14 consecutive days of outflows. This follows a reversal in the net inflows for the nine ether ETFs, which had experienced negative flows for three consecutive days.
Grayscale’s ETHE recorded zero flows after a period of sustained outflows, while VanEck’s ETHV was the only spot ether ETF to report negative flows, totaling $2.92 million. This marked ETHV’s first outflows since July 23. In contrast, Fidelity’s FETH saw $3.98 million in inflows, Bitwise’s ETHW reported $2.86 million, and Franklin’s EZET had $1.01 million in inflows. The total daily trading volume for spot ether ETFs rose to $286 million on Monday, up from $166.9 million on Friday.
For spot #BitcoinETFs , the 12 U.S.-based funds reported $27.87 million in net inflows. Ark and 21Shares’ ARKB led with $35.4 million in inflows, followed by BlackRock’s IBIT with $13.45 million and Grayscale’s BTC with $7.85 million. Conversely, Bitwise’s BITB and Grayscale’s GBTC saw outflows of $17.06 million and $11.77 million, respectively.
Bitcoin's price increased by 1.09% over the past 24 hours, reaching approximately $59,128, while ether rose by 4.51% to $2,657.
Source - theblock.co
