Spot Ethereum ETFs in the United States started the week on a positive note despite Monday's market decline that saw the ETH price fall below $2,200.
Farside Investors data shows that Spot Ethereum ETFs attracted net inflows of $48.8 million on Aug. 5.
The bulk of those inflows, amounting to $47.1 million, were provided by BlackRock’s ETHA, bringing the fund’s total inflows above the $759 million mark.
VanEck’s ETHV and Fidelity’s FETH also performed well, receiving $16.6 million and $16.2 million, respectively.
Grayscale’s mini ETF and Bitwise’s ETHW saw inflows of $7.6 million and $7.2 million. Meanwhile, Franklin Templeton’s EZET registered inflows of $900,000.
Conversely, Grayscale’s ETHE continued to register negative results, with $46.8 million withdrawn on August 5, bringing total outflows to $2.163 billion.
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.