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.
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.
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.