Ethereum ETF Sees $33.67 Million Net Inflow, Ending Four-Day Negative Streak

• ETH spot exchange-traded funds (ETFs) recorded a net inflow of $33.67 million on Tuesday, breaking a four-day streak of negative flows.
• Data from SosoValue revealed that the Grayscale Ethereum Trust (ETHE) was the only ETH spot ETF to report negative flows, with net outflows amounting to $120.28 million.
• Conversely, other ETFs like BlackRock’s ETHA and Fidelity’s FETH collectively balanced the overall net inflows, indicating a diverse performance among different investment products.

Ethereum Spot ETFs Witness a Significant Turnaround with New Inflows

Grayscale Ethereum Trust Faces Significant Outflows

According to SosoValue data, Grayscale Ethereum Trust (ETHE) experienced net outflows of $120.28 million, marking it as the sole ETH spot ETF with negative flows. Since July 23, ETHE has seen consecutive daily outflows, raising concerns among investors.

BlackRock and Fidelity ETFs Lead in Net Inflows

On the flip side, BlackRock’s ETHA and Fidelity’s FETH contributed significantly to the net inflows. ETHA alone registered net inflows of $117.98 million, while Fidelity’s FETH saw inflows worth $16.36 million. Grayscale Ethereum Mini Trust also recorded a substantial inflow of $12.36 million.

Other Key Players in the Ethereum ETF Market

Franklin’s EZET reported a net inflow of $3.73 million, and Bitwise’s ETHW saw a net inflow of $3.52 million. Despite this, three other spot ether ETFs reported zero flows during the same period. This indicates a mixed performance across the Ethereum ETF spectrum. Additionally, the total daily trading volume for these spot Ether products fell to $563.22 million on Tuesday, down from $773.01 million on Monday and $933.86 million on Friday.

Spot Bitcoin ETFs Experience Mixed Performance

Meanwhile, SosoValue data noted that 11 spot Bitcoin ETFs in the US reported net outflows of $18.3 million on Tuesday, ending a four-day positive streak. BlackRock’s IBIT was the only Bitcoin ETF to record net inflows, attracting $74.87 million.

Conversely, Grayscale’s GBTC documented the largest net outflow among Bitcoin ETFs at $73.6 million, followed by Ark and 21Shares’ ARKB with $7.88 million in outflows. VanEck HODL, Bitwise BITB, and Fidelity FBTC also reported net outflows of $5.58 million, $3.23 million, and $2.88 million, respectively. However, the total daily trading volume for spot Bitcoin ETFs rose to $1.37 billion on Tuesday, compared to $2.68 billion on Monday and $2.04 billion on Friday.

Conclusion

In summary, the Ethereum spot ETF market displayed a varied performance, with significant inflows witnessed in several ETFs despite notable outflows from Grayscale’s ETHE. Similarly, the spot Bitcoin ETF landscape exhibited a mixed trend, with some funds enjoying inflows and others facing substantial outflows. Investors are advised to conduct thorough research and remain cautious, as the market continues to show fluctuating trends.