The US spot Ethereum ETFs saw a total inflow of $4.9 million on Monday, showcasing positive investor sentiment towards Ethereum. Grayscale Ethereum Trust (ETHE) notably did not record any withdrawals, marking a significant milestone since its conversion to an ETF. After experiencing 14 days of outflows, ETHE finally saw a pause in this trend. This shift indicates a potential shift in investor confidence in Ethereum ETFs.
On August 12th, the trading volume for these ETFs surged to $286 million, a substantial increase from the previous day’s figure of $166.9 million. This surge in trading volume demonstrates a heightened interest in Ethereum ETFs among investors. The significant jump in trading volume reflects the growing popularity of Ethereum as an investment option.
Fidelity Ethereum Fund (FETH) emerged as the leader in the inflow race, attracting $3.98 million. This strong inflow performance indicates a high level of investor confidence in FETH. Bitwise Ethereum ETF (ETHW) followed closely behind with an inflow of $2.86 million, while Franklin Ethereum Trust (EZET) recorded an inflow of $1.01 million. These strong inflow numbers suggest a positive outlook on Ethereum ETFs among investors.
VanEck Ethereum Trust (ETHV) was the only fund to experience net outflows on August 12th, with $2.92 million flowing out. This marked the first instance of outflows for ETHV since July 23rd. The outflow anomaly for ETHV amidst the overall positive trend in inflows raises questions about the fund’s performance and investor sentiment towards it.
While some ETFs like Grayscale Ethereum Mini Trust (ETH) and Invesco Galaxy Ethereum ETF (QETH) did not register any flows on August 12th, BlackRock’s iShares Ethereum Trust (ETHA) stood out for its significant growth since its launch on July 23rd. With over $901 million in inflows, ETHA has positioned BlackRock as a leader in the Ethereum ETF market, surpassing competitors like Fidelity Investments, Bitwise, Grayscale Investments, and VanEck. This growth trajectory highlights the increasing popularity of Ethereum as an investment asset.
Despite the recent market slump, Ethereum has emerged as a favored investment option among investors. The ability of Ethereum to attract inflows during a market downturn indicates its resilience and attractiveness as a long-term investment. Investors seem to have capitalized on the dip in Ethereum’s price to increase their exposure to the asset, driving positive inflows into Ethereum ETFs.
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