On Monday, U.S. spot Ethereum exchange-traded funds recorded $4.9 million flow into the product; the Grayscale Ethereum Trust (ETHE) noted zero flows for the first time since its ETF conversion. Data from SosoValue shows that the net inflows of the nine ether ETFs inverted after three days of negative flows.
Especially, Grayscale’s ETHE shows zero flows following outflows for 14 days. With net outflows of $2.92 million, VanEck’s ETHV was the only spot ether ETF to suffer negative flows. ETHV had not reported outflows since July 23 before now. Fidelity’s FEST recorded net inflows of $3.98 million, while Bitwise’s ETHW showed inflows of $2.86 million. Franklin’s EZET drew roughly $1.01 million in inflows.
Monday’s total daily trading volume for the spot ether ETFs topped $286 million, rising from $166.9 million on Friday. On Monday, the 12 American spot bitcoin ETFs revealed $27.87 million in net inflows.
With $35.4 million, Ark and 21 Shares had the most net inflows among the funds. Grayscale’s experienced inflows of $7.85 million, while BlackRock’s IBIT noted $13.45 million in net flows With $17.06 million and $11.77 million leaving the funds, respectively, Bitwise’s BITB and Grayscale’s GBTC suffered withdrawals.
Over the past 24 hours, the value of bitcoin increased 1.96% to roughly $59,362 at the time of writing, Ether gained 4.46% to trade at $2,656.
You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.