Spot Ethereum (ETH) exchange-traded funds (ETFs) registered $98.4 million in inflows on Aug. 6, the second largest inflow since the funds began trading in July, based on Farside Investors’ data.
Notably, this was the second consecutive day of inflows for spot Ethereum ETFs traded in the US, amounting to $147.2 million. BlackRock’s ETHA assets under management (AUM) grew nearly $110 million on Aug. 6, while Fidelity’s FETH recorded $22.5 million inflows.
Meanwhile, Grayscale’s ETHE continued to record outflows, with Aug. 11 marking 11 consecutive trading days in the negative. However, the fund posted the lowest amount in daily outflows since its conversion from a trust to an ETF.
As of Aug. 6, the net flows of the eight Ethereum ETFs that started trading in the US on July 23 are negative $364 million.
Large holders pressure
Despite the bullish predictions that ETH’s price will rise following its ETF launch in the US, the event has failed to produce a substantial impact so far.
We współpracy z: https://cryptoslate.com/ethereum-etfs-register-two-consecutive-days-of-inflows/
