FameEX Hot Topics | Ether ETF Records First Positive Weekly Inflows Since Its Launch

In the week starting August 5, the newly launched nine spot Ether ETFs in the United States recorded their first positive net inflows since their debut on July 23, totaling $104.8 million. This achievement is noteworthy, especially given the challenging market conditions for Ether, which saw its price drop by 23% since the beginning of August.

According to data from ETF tracker SoSoValue, these nine spot Ether ETFs traded a combined total of $1.9 billion during the week, bringing their collective net assets to $7.3 billion as of August 9. Among these funds, BlackRock’s iShares Ethereum Trust (ETHA) stood out as the top performer, registering $188.4 million in inflows. Since its launch, the ETHA fund has rapidly accumulated over $900 million in assets within just 13 days of trading and has yet to experience any outflows, reflecting strong investor confidence in the fund.

The Fidelity Ethereum Fund (FETH) also saw substantial inflows, with $44.65 million added last week, increasing its total assets to $342 million. Other ETFs contributing to the positive net inflows included Grayscale’s Mini Ethereum Trust (ETH), which brought in $19.8 million, the VanEck Ethereum ETF (ETHV) with $16.6 million, Bitwise’s Ethereum ETF (ETHW) with $11.7 million, and Franklin’s Ethereum ETF (EZET) with $3.7 million in inflows.

However, not all the funds experienced positive flows. Both 21Shares Core Ethereum ETF (CETH) and Invesco Galaxy Ethereum ETF (QETH) reported zero inflows for the period. The overall inflow figure could have been significantly higher if not for the substantial outflows from Grayscale’s Ethereum Trust (ETHE), which saw $180 million in outflows during the week. Grayscale’s spot Ethereum ETF, currently holding $2.3 billion in assets, has been a major contributor to an overall outflow of $406.4 million across all nine funds, as reported by Farside Investors.

Meanwhile, ETF issuers are actively exploring ways to expand their offerings. On August 7, the NYSE American LLC proposed a rule change to permit the listing and trading of options contracts for three Ether ETFs from Grayscale and Bitwise, signaling further growth and innovation in the Ethereum-based financial products market.

Disclaimer: The information provided in this section is for informational purposes only, doesn't represent any investment advice or FameEX's official view.