Ethereum ETFs Struggle with Net Inflows Amidst Investor Hesitation

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Ethereum ETFs had a rough second half of August, recording just one positive day of *net new inflows*, largely impacted by Grayscale's conversion of its Ether trust into an ETF.

Investors pulled $2.5 billion since the conversion, leaving Ethereum ETFs bleeding cash. Unlike *Bitcoin ETFs*, which have gained $17 billion since January, *Ether ETFs* remain $477 million underwater.

Despite the tech-forward applications of *Ethereum*, it has yet to attract the mainstream investor interest that Bitcoin enjoys as a store of wealth.

The largest of these funds, BlackRock’s ETHA, holds over $1 billion in assets but struggles to gain momentum in the market.