Summary
- As of Aug. 8, the spot Ether ETF market posted total net inflows of $13.84 million.
- BlackRock’s staking product ETHB led the flow with $44.3 million in inflows.
- The market sees funds leaving standard spot ETF products and moving into staking products.
Forecast Trend Report by Period
U.S. spot Ether exchange-traded funds returned to net inflows.
Ether ETFs posted combined net inflows of $13.84 million on Aug. 8, according to data compiled by Trader T.
BlackRock’s staking product ETHB led the gains with $44.3 million in inflows. 21Shares’ TETH also recorded net inflows of $1.98 million.
BlackRock’s ETHA, by contrast, posted net outflows of $20.67 million. Grayscale’s ETHE and Mini ETF also saw net outflows of $6.11 million and $5.66 million, respectively.
Major ETFs including Fidelity’s FETH, along with products from Bitwise, Invesco, Franklin and VanEck, were unchanged with no fund flows.
Market participants say money is continuing to leave standard spot ETFs and move into staking-based products.
YM Lee
20min@bloomingbit.ioCrypto Chatterbox_ tlg@Bloomingbit_YMLEE
