Ethereum

Spot

Reported by The Block: Spot ether ETFs in the U.S. saw 4.9 million in net inflows, while spot bitcoin ETFs reported inflows of $27.8 million.
Grayscale’s ETHE recorded zero flows on Monday after 14 consecutive days of net outflows since its conversion into a spot ether ETF.
U.S. spot Ethereum exchange-traded funds saw $4.9 million flow into the product on Monday, with the Grayscale Ethereum Trust (ETHE) logging zero flows for the first time since its conversion into an ETF.
According to data from SosoValue, the nine ether ETFs’ net inflows reversed following three consecutive days of negative flows.
Notably, Grayscale’s ETHE recorded zero flows after 14 days of outflows. &nbsp; VanEck’s ETHV was the only spot ether ETF to experience negative flows, totaling $2.92 million in net outflows. &nbsp; This marked the first time ETHV had reported outflows since July 23.
Fidelity’s FETH logged $3.98 million in net inflows, while Bitwise’s ETHW reported inflows of $2.86 million. &nbsp; Franklin’s EZET had about $1.01 million in inflows.
The total daily trading volume for the spot ether ETFs reached $286 million on Monday, up from $166.9 million on Friday.
Spot bitcoin ETFs experienced inflows Meanwhile, the 12 spot bitcoin ETFs in the U.S. reported $27.87 million in net inflows on Monday.
Ark and 21Shares’ ARKB saw the largest net inflows among the funds, with $35.4 million. &nbsp; BlackRock’s IBIT recorded $13.45 million in net inflows, and Grayscale’s BTC experienced inflows of $7.85 million.
Bitwise’s BITB and Grayscale’s GBTC experienced outflows, with $17.06 million and $11.77 million exiting the funds, respectively.
The price of bitcoin climbed 1.09% over the past 24 hours to around $59,128 at the time of writing, according to The Block’s price page. &nbsp; Ether gained 4.51% to trade at $2,657.

Spot Ethereum ETFs see $4.9 million in inflows, Grayscale’s ETHE ends 14-day outflow streak

TokenInsight

Other articles published on Aug 13, 2024

US Economy: Major Banks Foresee Historic Rate Cuts

BlackRock’s Ethereum ETF Nears $1 Billion Milestone

Bitcoin, Ether soar ahead of crucial CPI data release

Urgent Shiba Inu Giveaway Alert Issued to SHIB Community: Details

Aurora Labs Integrates Bitcoin With NEAR via New Light Client and Relayer

Pump.fun Makes Token Creation Free, Shifts Initial Fee to First Buyers

Join our free newsletter for daily crypto updates!