Ethereum

United

mini

Spot

Grayscale Bitcoin Trust

Spot Ethereum exchange-traded funds in the United States have started the week with inflows as the cryptocurrency market recovered from a local trench.
According to <a href="https://farside.co.uk/?p=1518" target="_blank" rel="noopener noreferrer nofollow">data</a> provided by Farside Investors, spot Ethereum (<a href="https://crypto.news/price/ethereum/" target="_blank" rel="noopener noreferrer nofollow">ETH</a>) ETFs saw $48.8 million in net inflows on Monday, Aug. 5. Most of the inflows, worth $47.1 million, came from BlackRock’s ETHA fund, helping the ETF’s total inflows surpass the $750 million mark.
VanEck’s ETHV and Fidelity’s FETH funds also recorded double-digit inflows of $16.6 million and $16.2 million, respectively.&nbsp;
The Grayscale mini ETH ETFs and Bitwise’s ETHW witnessed $7.6 million and $7.2 million in inflows, per Farside Investors’ data. Franklin Templeton’s EZET fund recorded roughly $900,000 worth of inflows as well.
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On the other hand, Grayscale’s ETHE fund continued its outflux again and saw $46.8 million in outflows on Aug. 5. So far, the ETHE ETF has registered $2.16 billion in outflows since the investment products launched in the U.S.
Meanwhile, spot Bitcoin (<a href="https://crypto.news/price/bitcoin/" target="_blank" rel="noopener noreferrer nofollow">BTC</a>) ETFs recorded $168.4 million in net outflows as the week started.&nbsp;
The Grayscale Bitcoin Trust (GBTC), ARK 21Shares Bitcoin ETF (ARKB) and Fidelity Wise Origin Bitcoin Fund (FBTC) ETFs saw $69.1 million, $69 million and $58 million in outflows on Aug. 5.&nbsp;
Grayscale mini BTC fund’s VanEck Bitcoin Trust (HODL) and Bitwise Bitcoin ETF registered $21.8 million, $3 million and $2.9 million in inflows, respectively.&nbsp;
The remaining <a href="https://crypto.news/crypto-sell-off-massive-trading-volumes-seen-in-bitcoin-etfs/" target="_blank" rel="noopener noreferrer nofollow">spot BTC ETFs</a> stayed neutral as the crypto market <a href="https://crypto.news/crypto-liquidations-surpass-1b-amid-market-wide-turbulence/" target="_blank" rel="noopener noreferrer nofollow">wandered</a> in FUD (fear, uncertainty and doubt).&nbsp;
Data from CoinGecko <a href="https://www.coingecko.com/en/global-charts" target="_blank" rel="noopener noreferrer nofollow">shows</a> that the global crypto market capitalization witnessed a sharp rebound — increased by 8.6% over the past 24 hours and is sitting at $2.07 trillion.
Bitcoin also <a href="https://crypto.news/bitcoin-falls-below-50000-is-a-black-swan-coming-to-the-crypto-market/" target="_blank" rel="noopener noreferrer nofollow">recovered</a> from the $49,000 zone and is currently trading at $55,950 at the time of writing. Ethereum regained the psychological $2,500 support line after registering a 14.4% rally in the past 24 hours.&nbsp;
Read more: <a href="https://crypto.news/crypto-is-a-damn-casino-for-dum-dums-ethereum-developer-says/" rel="noopener noreferrer nofollow"> ‘Crypto is a damn casino for dum-dums,’ Ethereum developer says </a>

Spot Ethereum ETFs see $48m in inflows, crypto market rebounds

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