Loading IndicatorLoading Indicator

US Spot Ether ETFs Post $7.39 Million Net Inflow, Extending Modest Gains

Source
YM Lee

Summary

  • U.S. spot Ether (ETH) ETFs posted $7.39 million in net inflows in one day, extending a modest run of fresh money into the products.
  • BlackRock’s iShares Ethereum Trust (ETHA) led inflows with $16.24 million, while MSSE, ETHW and TETH also recorded net inflows.
  • By contrast, ETHB, FETH, ETHE and ETHV posted net outflows, while steady institutional demand centered on BlackRock’s ETHA continued to support overall ETF flows.

Forecast Trend Report by Period

Loading IndicatorLoading Indicator
Photo: Trader T
Photo: Trader T

U.S. spot Ether exchange-traded funds recorded a net inflow of $7.39 million, extending a modest run of fresh money into the products.

Trader T data for July 30 showed total net inflows of $7.39 million into U.S. spot Ether ETFs.

BlackRock’s iShares Ethereum Trust (ETHA) led the gains with $16.24 million of inflows. Bitwise’s ETHW added $1.37 million, Morgan Stanley’s MSSE brought in $410,000 and 21Shares’ TETH took in $380,000. It was the first day that inflows were recorded for Morgan Stanley’s MSSE.

BlackRock’s staking ETF ETHB posted net outflows of $5.9 million. Fidelity’s FETH shed $2.87 million, Grayscale’s ETHE lost $1.55 million and VanEck’s ETHV saw $700,000 leave. Invesco’s QETH, Franklin Templeton’s EZET and Grayscale Mini ETH recorded no flows.

U.S. spot Ether ETFs have recently alternated between limited net inflows and net outflows rather than posting large inflows. Even so, steady institutional demand centered on BlackRock’s ETHA has continued to support overall ETF flows.

#Ethereum ETF
YM Lee

YM Lee

20min@bloomingbit.ioCrypto Chatterbox_ tlg@Bloomingbit_YMLEE

What do you think about this news?








PiCK News






Hashtag News