Ethereum ETFs show positive flows after 9-day losing streak Ethereum ETFs show positive flows after 9-day losing streak
US-traded Ethereum ETFs registered nearly $6 million in positive net flows after bleeding $115 million over the last nine days.
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Updated: Aug. 29, 2024 at 8:48 pm UTC
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Spot Ethereum (ETH) exchange-traded funds (ETFs) in the US registered $5.9 million in net inflows on Aug. 28 after nine consecutive days of outflows, based on Farside Investors data.
Grayscale Ethereum Trust (ETHE) registered $3.8 million in outflows yesterday, the smallest amount of cash leaving the fund since the spot Ether ETFs debuted in the US on July 23.
Additionally, BlackRock’s iShares Ethereum Trust ETF (ETHA) registered $8.4 million in inflows, the first sign of funds flowing after closing five trading days with no action. The Fidelity Ethereum Fund (FETH) added $1.3 million to inflows, wrapping up the positive day.
ETHA has not registered a single day of outflows since its launch despite showing neutral flows on nine out of 27 trading days.
Meanwhile, ETHEโs outflow spree may be cooling as the amount of capital leaving the fund has gradually decreased since Aug. 22.
Over $2 billion in inflows
Since their launch, US-traded Ethereum ETFs have registered negative net flows of $475.7 million. However, excluding the $2.55 billion in outflows from ETHE, these funds have already surpassed $2 billion in inflows in just 27 trading days.
According to ETF Store CEO Nate Geraci, if the cumulative value of Ethereum ETFs is considered as one product, it would equate to the fourth-largest ETF launch to date.
Notably, the “super Ethereum ETF” would only be bested in inflows by Bitcoin (BTC) ETFs: BlackRockโs IBIT, Fidelityโs FBTC, and ARK 21Sharesโ ARKB.
Geraci added that ETHA is currently the largest spot Ethereum ETF with over $1 billion in inflows to date, and it is also the seventh-largest ETF launch.
FETH and Bitwise Ethereum ETF (ETHW) have the second and third most significant inflows, capturing $392.9 million and $314.1 million in cash, respectively.
While Grayscaleโs ETHE is responsible for the negative net flows registered by spot Ethereum ETFs, its Ethereum Mini Trust (ETH) added significant positive value to the bundle, registering $235.6 million in inflows since its launch.
Mentioned in this article
Ethereum 
Bitcoin 
Fidelity Investments 
BlackRock 
Bitwise 
Grayscale Investments 
21shares iShares Ethereum Trust ETF Fidelity Ethereum Fund Grayscale Ethereum Trust Grayscale Ethereum Mini Trust 
Bitwise Ethereum Fund Author 
Gino Matos
Gino Matos is a law school graduate and a seasoned journalist with six years of experience in the crypto industry. His expertise primarily focuses on the Brazilian blockchain ecosystem and developments in decentralized finance (DeFi).
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In this article
Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).
Bitcoin
$60,582.02
Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
Fidelity Investments
Fidelity Investments Inc., commonly referred to as Fidelity, is a multinational financial services corporation based in Boston, Massachusetts.
BlackRock
BlackRock, synonymous with global asset management, is an American multinational investment management corporation based in New York City.
Bitwise
Bitwise Asset Management pioneered the first cryptocurrency index fund and is the leading provider of rules-based exposure to the cryptoasset space..
Grayscale Investments
Established in 2013 by Digital Currency Group, Grayscale Investments is a trusted authority on digital currency investing and cryptocurrency asset management.
21shares
21Shares is a Swiss provider of crypto- currency exchange-traded products (ETPs).
The iShares Ethereum Trust ETF (ETHA) by BlackRock is an innovative investment product designed to provide investors with exposure to Ethereum, one of the leading cryptocurrencies.
The Fidelity Ethereum Fund (FETH) is an investment product designed to provide investors with direct exposure to Ethereum, one of the leading cryptocurrencies.
The Grayscale Ethereum Trust (ETHE) by Grayscale is an investment vehicle designed to offer investors exposure to Ethereum, one of the leading cryptocurrencies by market capitalization.
The Grayscale Ethereum Mini Trust (Ticker: ETH) is a pioneering investment vehicle designed to provide investors with exposure to Ethereum (ETH) through a regulated security format.
The Bitwise Ethereum Fund (ETHW) by Bitwise is a professionally managed investment product that provides investors with direct exposure to Ethereum (ETH).
