Ethereum ETFs Registered Positive Inflows After the Recent Price Decline
Spot Ethereum ETFs in the United States started the week on a positive note despite Monday's market decline that saw the ETH price fall below $2,200.
Farside Investors data shows that Spot Ethereum ETFs attracted net inflows of $48.8 million on Aug. 5.
The bulk of those inflows, amounting to $47.1 million, were provided by BlackRock’s ETHA, bringing the fund’s total inflows above the $759 million mark.
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US Government May Return Seized Bitcoin to Bitfinex, Analyst SuggestsVanEck’s ETHV and Fidelity’s FETH also performed well, receiving $16.6 million and $16.2 million, respectively.
Grayscale’s mini ETF and Bitwise’s ETHW saw inflows of $7.6 million and $7.2 million. Meanwhile, Franklin Templeton’s EZET registered inflows of $900,000.
Conversely, Grayscale’s ETHE continued to register negative results, with $46.8 million withdrawn on August 5, bringing total outflows to $2.163 billion.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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