• SPOT BITCOIN ETF
  • SPOT ETHEREUM ETF

Spot Ethereum ETFs record $24 million in net inflows, Grayscale’s ETHE shifts back to negative flows

theblock.co 14/08/2024 - 05:02 AM

U.S. spot Ethereum (ETH) exchange-traded funds (ETFs) recorded $24.34 million in net inflows on Tuesday, continuing from Monday’s gains. Conversely, the Grayscale Ethereum Trust (ETHE) faced net outflows of $31 million, its first negative flow after a day of no flows.

Among other ETFs, BlackRock’s ETHA saw significant inflows of $49.12 million, Fidelity’s FETH gained $5.41 million, and Inveco’s QETH recorded $813,690 in inflows. The total trading volume for nine spot ether ETFs reached approximately $191 million on Tuesday, compared to $285.9 million the previous day.

Meanwhile, U.S. spot bitcoin ETFs also experienced positive flows, with $38.94 million net inflows on Tuesday. BlackRock’s IBIT led this segment with $34.55 million in inflows, followed by Fidelity’s FBTC with $22.56 million and Bitwise’s BITB with $16.54 million. Grayscale’s GBTC continued its outflow streak, with $28.65 million exiting, while Ark and 21Shares’ ARKB experienced outflows of $6 million. The total trading volume for the 12 spot bitcoin ETFs was $1.18 billion, slightly down from $1.3 billion on Monday. Bitcoin’s price increased by 3.27% to $61,109, while ether rose by 2.1% to $2,713.




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