**Crypto News Flash: Ethereum ETFs Face Outflows, Bitcoin ETFs Shine**
Ethereum ETFs in the US have seen five consecutive days of outflows, marking their longest losing streak since launching on July 23. The nine newly approved Ethereum ETFs have been overshadowed by significant outflows from the Grayscale Ethereum Trust (ETHE), which lost over $2.5 billion by August 21.
Despite this, inflows from BlackRockâs iShares Ethereum Trust ETF (ETHA), Fidelity Ethereum Fund (FETH), and Bitwise Ethereum ETF (ETHW) helped mitigate some losses. ETHA notably hit $1 billion in net inflows on August 20.
In contrast, Bitcoin ETFs are thriving. Since their January 2024 launch, theyâve maintained a net positive of $17.5 billion, with BlackRockâs iShares Bitcoin Trust (IBIT) leading the charge. On August 20 alone, BTC ETFs saw an $88 million inflow, their highest in two weeks.
