News

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.

DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
William

In the fast-paced world of day trading, I've honed my skills for over six years using technical analysis tools and crafting short-term strategies. My expertise isn't from textbooks but from the trenches of online trading communities. I excel at reading chart patterns, applying technical analysis, and mastering risk management. "The market is about probabilities," I declare. As Editor at Coincu, I empower readers with the insights and strategies to conquer the dynamic world of day trading.

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