Ethereum

Franklin

Future

<p>The news about Ethereum spot ETFs is experiencing a significant turnaround. After several months of substantial net outflows, the flows into these funds have finally turned positive. Does this reversal indicate the end of troubles for these crypto ETFs&nbsp;?</p> 
<h2 id="h-les-flux-entrants-des-etf-ethereum-se-redressent">The Inflows into Ethereum ETFs are Recovering</h2> 
<p>On July 30, 2024, the <a href="https://www.cointribune.com/en/crypto-ethereum-etfs-in-free-fall-heres-why/" target="_blank" rel="noreferrer noopener">flows into Ethereum spot ETFs</a> showed a positive reversal after several days of net outflows. According to <a href="https://dailycoin.com/ether-etf-flows-flip-positive-with-34m-inflows-is-the-worst-over/?utm_source=cryptopanic&amp;utm_medium=rss" target="_blank" rel="noreferrer noopener">data</a> from Farside Investors, the nine new ether ETFs recorded net inflows of $33.7 million on that day. BlackRock’s ETHA ETF alone captured $118 million. It is followed by Fidelity’s FETH ETF with $16.4 million. The EZET fund from Franklin Templeton and Bitwise’s ETHW also contributed with $3.7 million and $3.5 million, respectively.</p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="1"> 
 </div> 
</div> 
<p>Meanwhile, outflows from Grayscale’s ETHE fund, which had largely overshadowed inflows into other products, saw a significant decline. They notably dropped from $356.3 million to $120.3 million in two trading days. These figures reflect a notable shift in investor confidence towards Ethereum ETFs.</p> 
<div class="affiliate-button"> <a class="affiliate-button__link" href="https://bitvavo.com/fr/affiliate/coinmedia?a=_cta" target="_blank" rel="noreferrer noopener">€20 bonus for registering on Bitvavo</a> <a class="affiliate-button__disclaimer" href="https://www.cointribune.com/en/sponsored-content/" target="_blank" rel="noreferrer noopener">This link uses an affiliate program.</a> 
</div> 
<h2 id="h-analyse-des-tendances-et-predictions-des-analystes-crypto">Analysis of Trends and Crypto Analysts’ Predictions</h2> 
<p>Leading analysts have commented on these developments with optimism. Marius Kramer, an influential writer in the crypto field, predicts ”&nbsp;many green days&nbsp;” for Ethereum spot ETFs. He asserts that the stabilization of Grayscale’s outflows will favor more regular net inflows, contributing to increased market stability.</p> 
<p>Mads Eberhardt of Steno Research also shared a positive outlook, predicting a cool-off in Grayscale’s outflows this week. Eberhardt even opened a short-term position to take advantage of the expected price impacts of the planned inflows.</p> 
<p>Despite these encouraging prospects, the price of ether remains relatively stable around $3,300. Some experts, like crypto researcher Famus, attribute this stagnation to geopolitical uncertainties and the ongoing distribution of bitcoins by Mt. Gox. Additionally, Grayscale still holds around $7 billion in ether, which continues to influence flows into ETFs. Future developments could be greatly influenced by these factors and the ability of other ETFs to attract significant investments.</p> 
<p>The recent reversal of flows into Ethereum ETFs offers a note of optimism for investors, but caution is warranted. The crypto market, with its volatility and exposure to external factors, requires constant vigilance. It remains to be seen whether this uptick in inflows is the beginning of a lasting stabilization or simply a <a href="https://www.cointribune.com/en/crypto-ethereum-etfs-struggle-to-convince-investors/" target="_blank" rel="noreferrer noopener">temporary respite</a> in an otherwise unpredictable market.</p>

Crypto: Ethereum ETFs Finally Record Positive Inflows!

Table of Contents

Cointribune EN

Other articles published on Aug 1, 2024

Dominasi Bitcoin Meningkat, Altcoin Siap untuk Melejit

Floki Announces Valhalla Sponsorship for India’s Tour of Sri Lanka, Targeting 220M Viewers

3 AI Tokens To Watch: Eyeing Double-Digit Growth This Week

Coinbase Quarterly Revenue May Drop Due to Weak Market Volatility

Crypto PACs Fail to Secure Win for Blake Masters in Arizona

Celestia’s New Rival Launches in Mainnet: What is Avail DA?

Join our free newsletter for daily crypto updates!