Ethereum

United

Spot

Spot Ether exchange-traded funds (ETFs) in the United States have had their first week of positive net inflows since they launched on July 23.&nbsp;
According to ETF tracker SoSoValue, the nine newly <a href="https://cointelegraph.com/news/cboe-official-launch-date-spot-ethereum-etf">launched</a> US-based spot Ether (<a href="https://cointelegraph.com/ethereum-price">ETH</a>) ETFs had positive overall net inflows of $104.8 million for the week beginning Aug. 5. 
It added that $1.9 billion in total value was traded, bringing the total net assets to $7.3 billion as of Aug. 9.
The inflow figure came amid a huge price dump for the underlying asset, ETH,&nbsp;which has declined 23% since the beginning of August. 
Six of the nine funds had overall positive <a href="https://cointelegraph.com/explained/what-are-etf-fund-flows-and-why-do-they-matter">net flows</a> for the week, with BlackRock’s iShares Ethereum Trust leading the pack with $188.4 million. 
The BlackRock fund has now<a href="https://cointelegraph.com/news/blackrock-spot-ether-etf-rakes-nearly-900-million-since-launch"> amassed over $900 million</a> in 13 days of trading and has yet to have an outflow day. 
Its closest rival, Fidelity's Ethereum Fund, had $44.65 million in inflows last week, bringing its total to $342 million. 
The other four ETFs with aggregate inflows last week were Grayscale’s Mini Ethereum Trust with $19.8 million, the VanEck Ethereum ETF with $16.6 million, the Bitwise Ethereum ETF with $11.7 million, and the Franklin Ethereum ETF with $3.7 million.
<figure data-ct-non-breakable="true">
 <img src="https://s3.cointelegraph.com/uploads/2024-08/a84094fd-139e-4a10-8367-21975ae362f0.png" alt="Ether ETF weekly flows turn positive for first time since launch" title="">
 <figcaption style="text-align: center;">
 Spot Ethereum ETF flows, Aug. 5-9. Source: <a href="https://sosovalue.com/assets/etf/us-eth-spot" target="_blank" rel="noopener nofollow">SoSoValue</a>
 </figcaption>
</figure>
21Shares Core Ethereum ETF and the Invesco Galaxy Ethereum ETF had zero net flows for the week.
The aggregate inflows for the nine ETFs combined would have been much higher if Grayscale’s Ethereum Trust hadn’t lost $180 million in outflows during the week.
The <a href="https://cointelegraph.com/news/ethereum-etfs-major-movements-ethe-outflow-august-2024"></a><a href="https://cointelegraph.com/news/ethereum-etfs-major-movements-ethe-outflow-august-2024">continued outflow of assets</a> from Grayscale’s spot Ether ETF, currently totaling $2.3 billion, has resulted in an overall outflow of $406.4 million for all nine funds, <a href="https://farside.co.uk/eth/" target="_blank" rel="noopener nofollow">according</a> to Farside Investors. 
Related: <a href="https://cointelegraph.com/news/expect-bitcoin-etf-options-launch-before-2025">Expect Bitcoin ETF options to launch before 2025</a>
Meanwhile, <a href="https://cointelegraph.com/news/grayscale-bitwise-nyse-american-apply-to-list-options-on-3-ether-etfs">ETF issuers are angling</a><a href="https://cointelegraph.com/news/grayscale-bitwise-nyse-american-apply-to-list-options-on-3-ether-etfs"></a> to get options products l<a href="https://cointelegraph.com/news/movement-on-bitcoin-etf-options-as-cboe-re-files-application">aunched for their spot ETH funds</a>.
On Aug. 7, the NYSE American proposed a rule change that would allow it to list and <a href="https://cointelegraph.com/explained/what-are-ether-futures-etfs-and-how-do-they-work">trade options contracts</a><a href="https://cointelegraph.com/explained/what-are-ether-futures-etfs-and-how-do-they-work"></a> for three ETH ETFs from Grayscale and Bitwise.
Magazine:&nbsp;<a href="https://cointelegraph.com/magazine/bitcoin-price-prediction-ethereum-altcoins-crypto-trader-roman-hall-of-flame-cointelegraph/">Ethereum price will lag for ‘months’ as Bitcoin surges: X Hall of Flame, Roman</a>

Ether ETF weekly flows turn positive for first time since launch

Cointelegraph

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