Ethereum ETFs Reversed the Trend, Registering Over $100 million in Inflows

For the second time since their launch, spot Etherium (ETH) exchange traded funds saw net positive inflows.

According to Farside Investors, on July 30 these funds saw inflows of $33.7 million, marking a significant change from the last four trading days.

This positive change was mainly due to the reduction in withdrawals from Grayscale’s ETHE.

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On July 30, ETHE saw outflows of $120.3 million, which is much lower compared to earlier periods, which is in line with analysts’ forecasts of weakening outflows.

Among ETFs with more significant inflows, BlackRock’s iShares Ethereum ETF (ETHA) led the way with $118 million, followed by Fidelity’s FETH, which attracted $16.4 million.

Bitwise’s ETHW and Franklin Templeton’s EZET added $3.5 million and $3.7 million, respectively, to the totals.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.