Spot Ethereum ETFs Gain $24M, Grayscale’s ETHE Sees Negative Flows

Key points:

• U.S. spot ether ETFs recorded $24.3 million in net inflows, while spot bitcoin ETFs saw $38.9 million flow into the funds.
• Grayscale’s ETHE shifted back to negative flows after having no flows the day before.

U.S. Spot Ethereum ETFs increased by $24.34M on Tuesday, while Grayscale’s ETHE lost $31M. Bitcoin ETFs, led by BlackRock’s IBIT, saw a sharp inflow of $38.94M.

Spot Ethereum ETFs Record Inflows Amid Grayscale ETHE Outflows

On Tuesday, U.S. Ethereum Spot ETFs saw $24.34 million in net inflows, continuing the positive momentum from the previous day. In contrast, the Grayscale Ethereum Trust (ETHE) saw a return to negative inflows, with $31 million flowing out of the ETF, according to data from SosoValue.

Other ETFs, such as BlackRock’s ETHA and Fidelity’s FETH, saw positive inflows, helping to offset ETHE’s losses.

Read More: DRW Ethereum ETF Investment Revealed With $150 Million

Bitcoin ETFs See Strong Inflows Led by BlackRock’s IBIT

While the Spot Ethereum ETF posted mixed results, the 12 spot bitcoin ETFs in the United States recorded $38.94 million in net inflows on the same day. BlackRock’s IBIT led the way with $34.55 million in inflows, followed by Fidelity’s FBTC with $22.56 million.

Grayscale’s GBTC, however, continued its outflow trend, with $28.65 million flowing out of the product, marking nine consecutive days of outflows.