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US spot ethereum (eth) exchange-traded funds (ETFs) saw net inflows of $5.9 million on Aug. 28 after nine consecutive days of outflows, according to Farside Investors ethereum-etf-flow-all-data/”>data.
Grayscale ethereum Trust (ETHE) saw $3.8 million in outflows yesterday, the smallest amount of cash leaving the fund since Ether spot ETFs debuted in the US on July 23.
Additionally, BlackRock’s iShares ethereum Trust ETF (ETHA) saw $8.4 million in inflows, the first sign of fund flow after closing out five days of trading inactive. The Fidelity ethereum Fund (FETH) added $1.3 million to inflows, closing out the day in the black.
ETHA has not seen a single day of outflows since launch despite showing neutral flows on nine out of 27 trading days.
Meanwhile, the wave of ETHE outflows may be cooling down as the amount of capital leaving the fund has gradually decreased since August 22.
More than 2 billion dollars in tickets
Since launch, US-listed ethereum ETFs have seen negative net inflows of $475.7 million. However, excluding $2.55 billion in ETHE outflows, 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 a single product, it would amount to the fourth-largest ETF launch to date.
It is worth noting that the “ethereum super ETF” would only be surpassed in inflows by the bitcoin (btc) ETFs: BlackRock’s IBIT, Fidelity’s FBTC and ARK 21Shares’ ARKB.
Geraci added that ETHA is currently the largest ethereum spot ETF, with over $1 billion in inflows to date, and is also the seventh-largest ETF launch.
FETH and Bitwise ethereum ETF (ETHW) have the second and third largest inflows, capturing $392.9 million and $314.1 million in cash, respectively.
While Grayscale’s ETHE is responsible for the negative net flows recorded by ethereum spot ETFs, its ethereum Mini Trust (eth) added significant positive value to the pack, recording $235.6 million in inflows since launch.
ethereum ETFs Show Positive Flows After 9-Day Losing Streak first appeared on CryptoSlate.
