U.S. Spot Ethereum and Bitcoin ETFs Update

U.S. spot Ethereum ETFs saw a significant increase in activity on Monday, with total inflows of $4.9 million. The Grayscale Ethereum Trust (ETHE) reported zero flows for the first time since converting into an ETF.

According to SosoValue, net inflows for the nine ether ETFs reversed after three consecutive days of negative flows.

Key Highlights

• Grayscale ETHE: Recorded zero flows after 14 days of outflows.
• VanEck ETHV: The only spot ether ETF with negative flows, totaling $2.92 million. This was the first outflow for ETHV since July 23.
• Fidelity FETH: Logged $3.98 million in net inflows.
• Bitwise ETHW: Reported inflows of $2.86 million.
• Franklin EZET: Had approximately $1.01 million in inflows.

The total daily trading volume for spot ether ETFs reached $286 million on Monday, a significant rise from $166.9 million on Friday.

Spot Bitcoin ETFs Experience Inflows

In a similar trend, the 12 spot bitcoin ETFs in the U.S. reported $27.87 million in net inflows on Monday. Among these:

• Ark and 21Shares ARKB: Largest net inflows of $35.4 million.
• BlackRock IBIT: Recorded $13.45 million in net inflows.
• Grayscale BTC: Experienced inflows of $7.85 million.
• Bitwise BITB: Had $17.06 million in outflows.
• Grayscale GBTC: Saw $11.77 million exit.

As for prices, bitcoin climbed 1.09% to around $59,128, while ether gained 4.51% to trade at $2,657 according to The Block’s price page.