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Spot Ethereum Exchange Traded Funds (ETFs) in the United States saw an inflow of $98 million after trading hours yesterday. Blackrock’s ETHA has amassed nearly $900 million in total since its first day of trading.The crypto market is recovering from a severe crash on Monday that caused many top crypto assets to drop significantly. Bitcoin fell below $50,000 for the first time since February, and Ethereum fell to a price level last seen in January. Despite the crash, the <a href="https://cryptosheadlines.com/bloomberg-ethereum-etf-more-likely-than-bitcoin-in-2023/" rel="noopener noreferrer nofollow">Ethereum and Bitcoin ETFs</a> have performed modestly.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/d365df59dd414e259badfa49bea812fd.png" /><h3 id="ethereum-etfs-inflow-analysis-blackrock-leads-the-pack">Ethereum ETFs Inflow Analysis: Blackrock Leads the Pack</h3>According to data from Farside Investors UK, <a href="https://cryptosheadlines.com/blackrocks-etha-approaches-900m-in-inflows-after-11-days/" rel="noopener noreferrer nofollow">Blackrock’s ETHA led the inflow for the day</a>, logging $109.9 million. Fidelity’s FETH followed with an inflow of $22.5 million, while Grayscale’s Mini Trust recorded an inflow of $4.7 million. The smallest inflow was by <a href="https://cryptosheadlines.com/franklin-templetons-bullish-post-excites-bitcoin-etf-community/" rel="noopener noreferrer nofollow">Franklin Templeton’s</a> EZET, which saw $1.0 million.Despite the inflows, there were significant <a href="https://cryptosheadlines.com/grayscale-ethe-faces-major-outflows-amid-ethereum-etf-trends/" rel="noopener noreferrer nofollow">outflows from Grayscale’s ETHE</a>, with $39.7 million leaving the fund. Blackrock’s ETHA now holds a total position of $869.8 million, just under $900 million, making it the largest Ethereum ETF product in terms of inflow. This is notable as <a href="https://cryptosheadlines.com/blackrocks-ibit-bitcoin-etf-sees-major-inflows-amid-market-uncertainty/" rel="noopener noreferrer nofollow">Blackrock’s Bitcoin IBIT also leads in inflow</a> among the 12 Bitcoin ETFs.<h3 id="spot-bitcoin-etfs-experience-significant-outflows">Spot Bitcoin ETFs Experience Significant Outflows</h3>Spot Bitcoin ETFs in the United States recorded a net outflow of $148.6 million, ending the trading day on a deficit.According to data from Farside Investors, Fidelity’s FBTC led the outflows with $64.5 million leaving the fund. Grayscale’s GBTC followed, experiencing a net outflow of $32.2 million. Ark Invest and 21Shares’ ARKB logged $28.88 million in net outflows, while Franklin Templeton’s Bitcoin Fund lost $23 million on Tuesday.<a href="https://cryptosheadlines.com/trump-to-debate-harris-about-bitcoin-details-inside/" rel="noopener noreferrer nofollow">Also Read: Trump to Debate Harris About Bitcoin: Details Inside</a>Interestingly, Blackrock’s IBIT, the largest ETF by volume of inflow, recorded zero activity yesterday along with seven other ETF products. Since their launch in January, the 12 Bitcoin ETFs have accumulated a total net inflow of $17.12 billion.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/d365df59dd414e259badfa49bea812fd.png" /><h3 id="bitcoin-and-ethereum-show-signs-of-recovery-after-market-crash">Bitcoin and Ethereum Show Signs of Recovery After Market Crash</h3>Bitcoin and Ethereum have both experienced slight recoveries following the Monday market crash.At the time of this report, Bitcoin is trading at $57,496, having surged by 4.4% in the last 24 hours. The cryptocurrency reached a maximum price of $57,607 and a minimum price of $54,577 during this period.Similarly, Ethereum is trading at $2,530, reflecting a 3.1% increase in the last 24 hours. The cryptocurrency recorded a maximum price of $2,546 and a minimum price of $2,423.<img src="https://academy-public.coinmarketcap.com/optimized-uploads/a5a849509f434949a2521b2eaccc137f.png" />Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.Join Cryptos Headlines <a href="https://linktr.ee/cryptosheadlines.com" rel="noopener noreferrer nofollow">Community</a>Follow Cryptos Headlines on <a href="https://news.google.com/publications/CAAqBwgKMLz3-wowvuzoAg" rel="noopener noreferrer nofollow">Google News</a>Join our official TG Channel: <a href="https://t.me/CryptosHeadlines" rel="noopener noreferrer nofollow">https://t.me/CryptosHeadlines</a>

Ethereum ETFs See $98 Million Inflow; Blackrock’s Stake Nears $900 Million

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