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Spot Ether exchange-traded funds (ETFs) in the United States logged their first daily net inflows on July 30 after four days of outflows.
The Ether funds notched $33.67 million in positive flows, led by BlackRock’s iShares Ethereum Trust (ETHA), with $117.98 million, SoSoValue data shows. Only two other ETFs scored double-digit inflows, namely the Fidelity Ethereum Fund (FETH) and Grayscale Ethereum Mini Trust (ETH), with $16.36 million and $12.36, respectively.
Franklin Templeton’s EZET and Bitwise’s ETHW posted a combined $7.52 million in net inflows on the day, whereas the Grayscale Ethereum Trust recorded net outflows of $120.28 million.
On the other hand, US-listed Ether funds from VanEck, Invesco and Galaxy, and 21Shares didn’t see any flows on their last trading day.
Analysts previously predicted that the subsequent outflows from the Ether funds would snap this week, akin to the trend seen in the early trading days of spot Bitcoin funds, which debuted in January.
As of the last trading day, however, the total net outflow from the Ether ETFs is at $405.97 million, with a trading volume of $563.22 million.
The recent net inflows didn’t do much to induce significant volatility in the price of Ether, which currently trades at $3,313.11, down 3.6% in the past seven days, per CoinGecko.
Bitcoin ETFs in the US also witnessed a reversal, posting $18 million in negative flows on July 30, with investors pulling out shares from five funds, according to data from SoSoValue.