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

In the week beginning August 5, the newly launched nine spot Ether ETFs in the United States experienced their first week of positive net inflows since their debut on July 23, totaling $104.8 million. This marks a significant milestone for these ETFs, as they managed to generate positive momentum despite a challenging market environment for Ether, which saw its price decline by 23% since the beginning of August.

According to ETF tracker SoSoValue, the nine spot Ether ETFs traded a total of $1.9 billion in value 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) emerged as the leader, recording $188.4 million in inflows. Since its launch, the ETHA fund has amassed over $900 million in assets within just 13 days of trading and has not yet experienced any outflow days, indicating strong investor confidence.

Fidelity’s Ethereum Fund (FETH) also performed well, with $44.65 million in inflows last week, pushing its total assets to $342 million. Other ETFs contributing to the overall positive inflows included Grayscale’s Mini Ethereum Trust (ETH), which attracted $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 funds saw positive flows. Both 21Shares Core Ethereum ETF (CETH) and Invesco Galaxy Ethereum ETF (QETH) reported zero inflows during the period. Additionally, the overall inflow figure could have been significantly higher if not for the substantial outflows from Grayscale’s Ethereum Trust (ETHE), which lost $180 million during the week. Grayscale’s spot Ethereum ETF, which currently holds $2.3 billion in assets, has contributed to an overall outflow of $406.4 million across all nine funds, according to Farside Investors.

Meanwhile, ETF issuers are looking to expand their product offerings. On August 7, the NYSE American LLC proposed a rule change to allow the listing and trading of options contracts for three Ether ETFs from Grayscale and Bitwise, signaling further developments in the growing market for Ethereum-based financial products.

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