Ethereum

United

Spot

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Spot Ethereum exchange-traded funds (ETFs) in the United States reported positive net inflows for the first week since their debut on July 23.
<h2 id="ethereum-etfs-see-first-positive-net-inflow-since-launch">Ethereum ETFs See First Positive Net Inflow Since Launch</h2>
These nine newly launched ETFs recorded a combined net inflow of $105 million in the week beginning August 5.
Positive Week for Ethereum ETFs
According to ETF tracker SoSoValue, nine U.S.-based spot Ethereum ETFs collectively saw net inflows of $104.8 million during the week. Total trading volume for these funds was $1.9 billion, with total net assets reaching $7.3 billion as of Aug. 9.
This increase in inflows occurred despite a significant drop in the price of Ethereum, which has fallen by 23% since the beginning of August.
Among ETFs, BlackRock’s iShares Ethereum Trust led the way with net inflows of $188.4 million for the week. The BlackRock fund has accumulated over $900 million in just 13 days of trading and has yet to record a single day of outflows.
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The 21Shares Core Ethereum ETF and Invesco Galaxy Ethereum ETF recorded no net inflows during the week.
Total inflows for the nine ETFs would have been higher if not for the $180 million outflow from Grayscale’s Ethereum Trust. Grayscale’s spot Ethereum ETF, currently holding $2.3 billion, saw a total outflow of $406.4 million.
ETF issuers are also exploring options products for spot Ethereum funds. On August 7, NYSE American proposed a rule change to list and trade options contracts for three Ethereum ETFs from Grayscale and Bitwise.
Meanwhile, Fidelity’s Ethereum Fund saw $44.65 million in inflows last week, bringing its total to $342 million.
Other ETFs that saw positive inflows included Grayscale's Mini Ethereum Trust ($19.8 million), VanEck Ethereum ETF ($16.6 million), Bitwise Ethereum ETF ($11.7 million) and Franklin Ethereum ETF ($3.7 million).
*This is not investment advice.
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 Continue Reading: <a href="https://en.bitcoinsistemi.com/us-spot-ethereum-exchange-traded-funds-etfs-report-positive-weekly-net-inflows-for-the-first-time-since-launch/" rel="noopener noreferrer nofollow">US Spot Ethereum Exchange-Traded Funds (ETFs) Report Positive Weekly Net Inflows for the First Time Since Launch!</a>

US Spot Ethereum Exchange-Traded Funds (ETFs) Report Positive Weekly Net Inflows for the First Time Since Launch!

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