Positive flows into Ether ETFs for the first time in two weeks! 🎉
- Nine US spot Ether ETFs saw net inflows of $5.9 million, the first green day since August 14.
- BlackRock's ETF (ETHA) saw the largest daily inflow at $8.4 million.
- A slowdown in outflows from Grayscale's Ether ETF (ETHE) helped improve the situation.
However:
- Grayscale has sold over $2.5 billion of Ether since July 23, which could increase selling pressure.
- ETH price has fallen 25% since the ETF's launch.
Be careful!