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