On July 31, U.S. Ethereum ETFs returned to negative results with net outflows of $77.2 million, after registering only their second day of positive inflows since inception on July 30.
According to data from Farside, the Grayscale Ethereum Trust (ETHE) saw a significant one-day outflow of $133.3 million. In contrast, the Grayscale Ethereum Mini Trust (ETH) attracted inflows of $19.5 million, which is also the best result relative to all ETH ETFs.
On the other hand, BlackRock’s iShares Ethereum Trust (ETHA) saw inflows of $5 million, recording its weakest performance since inception, while Fidelity’s FETH garnered $18.8 million.
Bitwise’s ETHW, 21 Shares’ CETH and VanEck’s ETHV attracted $4.7 million, $3.3 million and $4.8 million, respectively,
Overall, the most significant inflows year-to-date have come from BlackRock’s, Bitwise’s and Fidelity’s funds, which have attracted $623.2 million, $284.5 million and $279.4 million, respectively, since launch through July 30.
In contrast, the Grayscale-created Ethereum Trust suffered outflows of $1.997 billion over the same time period.
An Ethereum whale has recently caused a stir by offloading a substantial portion of its holdings, selling over $24 million worth of ETH in the past three days amid significant market pressure.
XRP has been trading within an ascending triangle pattern, signaling a potential significant breakout.
Recent on-chain data for Dogecoin (DOGE) reveals a surge in activity, indicating a growing optimism among cryptocurrency investors towards the popular meme coin.
Commerzbank, one of Germany’s largest financial institutions, is making a significant move into cryptocurrency by offering Bitcoin and Ethereum trading services to its corporate clients.