- ETH ETF ANALYSIS-
Nine newly launched spot Ether ETFs saw positive overall net inflows of $105 million for the week starting August 5.
Spot Ether exchange-traded funds (ETFs) traded in the US have seen their first positive net inflow week since their launch on July 23.
According to ETF tracker SoSoValue, nine newly launched US-based spot Ether (ETH) ETFs saw positive overall net inflows of $104.8 million for the week starting August 5.
According to the data, a total of $1.9 billion worth of transactions were made, while the funds’ net assets reached $7.3 billion.
The inflow figure was recorded as Ethereum lost 23 percent of its value since the beginning of August.
Six of the nine funds saw overall positive net flows for the week, with BlackRock’s iShares Ethereum Trust leading the way with $188.4 million.
The BlackRock fund has raised over $900 million in 13 days of trading and has yet to experience an outflow day.
Its closest competitor, Fidelity’s Ethereum fund, saw inflows of $44.65 million last week, bringing its total to $342 million.
The other four ETFs that saw total positive inflows last week were Grayscale’s Mini Ethereum Trust with $19.8 million, the VanEck Ethereum ETF with $16.6 million, the Bitwise Ethereum ETF with $11.7 million, and the Franklin Ethereum ETF with $3.7 million.
The 21Shares Core Ethereum ETF and the Invesco Galaxy Ethereum ETF both saw zero net flows for the week.
Had Grayscale’s Ethereum Trust not experienced $180 million in outflows during the week, the total inflows across the nine ETFs would have been much higher.
According to Farside Investors, the ongoing outflow of assets from Grayscale’s spot Ether ETF, currently totaling $2.3 billion, has resulted in a total outflow of $406.4 million across all nine funds.
