Deniz 
Since their July 23 launch, spot Ethereum ETF (exchange-traded funds) in the United States have shown a first week of positive net inflows.
ETF tracker SoSoValue reports that for the week starting Aug. 5, the nine newly introduced US-listed ETFs enjoyed a positive overall net inflow of $104.8 million. It also noted that $1.9 billion in total value was traded, therefore raising the net assets as of Aug. 9 to $7.3 billion.
The influx number arrived amid a significant price fall for Ether, the underlying asset, which has dropped 23% from August’s start.
Six of the nine funds had overall positive net flows for the week; BlackRock’s iShares Ethereum Trust (ETHA) topped the others with $188.4 million.
After 13 days of trading, the BlackRock fund currently totals more than $900 million; it has not yet had an outflow day. With $44.65 million in inflows last week, the Fidelity Ethereum Fund (FESH) had a total of $342 million, its closest competition.
Grayscale’s Mini Ethereum Trust (ETF), with $19.8 million; VanEck Ethereum ETF (ETHV), with $16.6 million; Bitwise Ethereum ETF (ETFW), with $11.7 million; and Franklin Ethereum ETF (EZET), with $3.7 million in inflows for the week.
Zero flows for the period for the Invesco Galaxy Ethereum ETF (QEH) and the 21Shares Core Ethereum ETF (CETH).
If Grayscale’s Ethereum Trust (ETHE) hadn’t lost $180 million in outflows over the week, the nine together would have enjoyed substantially more total influx.
Currently at $2.3 billion, Grayscale’s spot Ethereum ETF’s ongoing outflow of assets has led to an overall outflow of $406.4 million for all nine ETFs, according to Farside Investors.
ETF issuers are also orienting to have options products introduced for their ETH funds.
The NYSE American LLC requested a rule change on Aug. 7, allowing it to offer and trade options contracts for three ETH ETFs from Grayscale and Bitwise.
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