Ethereum ETFs Registered Positive Inflows After the Recent Price Decline

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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Conversely, Grayscale’s ETHE continued to register negative results, with $46.8 million withdrawn on August 5, bringing total outflows to $2.163 billion.

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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.
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