{"id":563928,"date":"2024-08-13T10:00:57","date_gmt":"2024-08-13T10:00:57","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=563928"},"modified":"2024-08-13T07:53:32","modified_gmt":"2024-08-13T07:53:32","slug":"spot-ethereum-etfs-record-4-9-million-inflows-as-grayscales-fund-stops-bleeding-and-coinshares-says-investors-favored-eth-over-btc-last-week","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/spot-ethereum-etfs-record-4-9-million-inflows-as-grayscales-fund-stops-bleeding-and-coinshares-says-investors-favored-eth-over-btc-last-week","title":{"rendered":"Spot Ethereum ETFs Record $4.9 Million Inflows As Grayscale\u2019s Fund Stops Bleeding And CoinShares Says Investors Favored ETH Over BTC Last Week"},"content":{"rendered":"

Spot Ethereum ETFs (exchange-traded funds) recorded $4.9 million inflows yesterday after Grayscale’s Ethereum Trust ended its negative streak and as CoinShares says investors favored <\/span>ETH<\/span><\/a> funds over BTC investment products in the recent market rebound.<\/span><\/p>\n

Data from <\/span>SosoValue<\/span><\/a> shows the 9 spot <\/span>Ethereum<\/span><\/a> ETFs recorded inflows yesterday after suffering negative flows for 3 consecutive days. Meanwhile, Grayscale’s Ethereum Trust (ETHE) logged zero flows for the first time since its conversion into an ETF, bringing an end to 14 days of outflows.<\/span><\/p>\n

\"Ethereum<\/p>\n

VanEck’s Fund is the Only One Among the Spot Ethereum ETFs to Record Outflows<\/span><\/h2>\n

VanEck’s ETHV was the only spot Ethereum ETF to experience negative flows on Aug. 12. ETHV recorded outflows for the first time since July 23 after $2.92 million left its reserves.<\/span><\/p>\n

During the same period, Fidelity’s FETH posted $3.98 million in net inflows, while Franklin’s EZET saw approximately $1.01 million in inflows yesterday. Bitwise’s ETHW also registered positive flows after $2.86 million entered the fund.<\/span><\/p>\n

In addition to the net inflows, the collective trading volume for the spot Ethereum ETFs also increased. On Aug. 12, volumes reached $286 million, which was a more than $100 million uptick compared to Aug. 9.<\/span><\/p>\n

Investors Favored ETH Over BTC In Latest Market Recovery<\/span><\/h2>\n

CoinShares said in its weekly Digital Asset Fund Flows <\/span>report<\/span><\/a> on Aug. 12 that $176 million entered crypto asset management products last week. Ethereum funds accounted for the majority of the inflows, attracting $155 million. This adds up to around 88% of the total inflows.<\/span><\/p>\n

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📈 Inflows rebound amid market correction! Digital asset investment products saw inflows totalling US$176m: #Ethereum<\/a> has benefited the most from the recent market correction, with inflows of US$155m last week.<\/p>\n

For more insights, read our full report: https:\/\/t.co\/zmIGby5elC<\/a> pic.twitter.com\/CsDMUIpj4x<\/a><\/p>\n

— CoinShares (@CoinSharesCo) August 12, 2024<\/a><\/p><\/blockquote>\n