Ethereum

Franklin

Arkham

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In a major milestone, <a href="https://u.today/ethereum-etf-heres-why-next-week-might-be-crucial" rel="noopener noreferrer nofollow">Ethereum ETFs </a>have recorded their first-ever positive weekly flows. According to <a href="https://x.com/ArkhamIntel/status/1823305751512629366" rel="noopener noreferrer nofollow">Arkham Intelligence</a>, the net inflow for ETH ETFs reached an impressive 31,500 ETH, equivalent to $75.07 million, over the past week.
<blockquote>
 ETH ETF FLOWS NOW POSITIVEWeekly flows for ETH ETFs turned POSITIVE for the first time ever - with NET 31.5K ETH ($75.07M) purchased last week.Inflows were led by Blackrock - accumulating $168.55M of ETH.The highest daily on-chain inflow for Blackrock was on 7th Aug, where… <a href="https://t.co/jTfT0tnO1k" rel="noopener noreferrer nofollow">pic.twitter.com/jTfT0tnO1k</a>— Arkham (@ArkhamIntel) <a href="https://twitter.com/ArkhamIntel/status/1823305751512629366?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">August 13, 2024</a>
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Leading the charge in these inflows was BlackRock, one of the world's largest asset management firms, accumulating a staggering $168.55 million worth of ETH. The most notable daily on-chain inflow for BlackRock occurred on Aug. 7, when it received $108.02 million of ETH in a single day.
This positive trend in ETH ETF flows is historic, marking a shift in the market sentiment toward Ethereum. Ethereum ETFs officially began trading in the U.S. in late July, marking a huge step in the increased integration of digital assets into mainstream finance.
The crypto community reacted to Ethereum ETFs' historic milestone. Crypto analyst Michael Van de Poppe stated in a recent <a href="https://x.com/CryptoMichNL/status/1823260701386768663" rel="noopener noreferrer nofollow">tweet</a>: "The first day of zero outflow on Ethereum has been recorded.This is an important week. If this week is a positive net inflow week of more than $50 million, I think we're on the edge of having a strong upward trend for the Ethereum ecosystem."
According to SoSoValue, daily net inflows into U.S.-listed spot Ethereum ETFs reached $4.93 million on Monday. Grayscale's two funds had no flows, while Fidelity and Franklin Templeton had $3.98 million and $1 million in inflows, respectively, while Bitwise had $2.86 million in positive flows.
<h2 id="ethereum-leads-pack-as-market-inflows-rebound">Ethereum leads pack as market inflows rebound</h2>
According to the most recent CoinShares <a href="https://x.com/CoinSharesCo/status/1822952649689272548" rel="noopener noreferrer nofollow">report</a>, digital asset investment products saw a total of $176 million in inflows over the last week as investors saw recent market weakness as an opportunity to buy.
<a href="https://u.today/ethereum-eth-surges-449-in-surprising-whale-activity-amid-market-dip" rel="noopener noreferrer nofollow">Ethereum</a> profited the most from the latest market drop, with inflows of $155 million last week. This increases its year-to-date inflows to $862 million, the biggest since 2021, owing primarily to the recent introduction of U.S. spot-based ETFs.
At the time of writing, ETH was down, alongside the entire crypto market by 1.02% in the last 24 hours to $2,645.&nbsp;

Ethereum ETFs Make History With First Positive Weekly Flows

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