- The ETHE by Grayscale showed no flows after 14 days of outflows.
- The only spot ether ETF to see negative flows was VanEck’s ETHV.
On Monday, $4.9 million poured into U.S. spot Ethereum ETFs, while the Grayscale Ethereum Trust (ETHE) witnessed its first day of trading with zero flows since converting into an ETF.
After three days of negative flows, the net inflows of the nine ether ETFs was recorded, according to statistics from SosoValue. The ETHE by Grayscale showed no flows after 14 days of outflows, which is noteworthy. The only spot ether ETF to see negative flows was VanEck’s ETHV, which had a net outflow of $2.92 million. Since July 23, this was the first time ETHV has recorded any outflows.
Bitwise’s ETHW had inflows of $2.86 million, while Fidelity’s FETH recorded $3.98 million. Inflows to Franklin’s EZET were around $1.01 million. After reaching $166.9 million on Friday, the total daily trading volume for the spot ether ETFs increased to $286 million on Monday.
Positive Momentum
On the other hand, Monday saw net inflows of $27.87 million into the 12 U.S. spot bitcoin ETFs. Among the funds, Ark and 21Shares’ ARKB had the most net inflows, totaling $35.4 million. There were net inflows of $13.45 million to BlackRock’s IBIT and $7.85 million to Grayscale’s. A total of $17.06 million left Bitwise’s BITB fund and $11.77 million left Grayscale’s GBTC fund, respectively.
Several whale moves have occurred in regards to Ethereum in the last day. Some investors have been seen selling ETH tokens, even though the price of the token has leveled off at $2.6K. Bitcoin and other cryptocurrencies have seen small price rises, adding to the brief positive momentum in the crypto market.
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