Ethereum ETFs Report $24.3 Million in Net Inflows
According to The Block, U.S. spot Ethereum ETFs saw $24.34 million in net inflows on Tuesday, maintaining the positive trend from the previous day. This increase contrasts with Grayscale’s Ethereum Trust (ETHE), which reported a return to negative flows after experiencing no flows the day before.
Grayscale’s ETHE Experiences Negative Flows
Grayscale’s ETHE was the sole spot ether fund to report net outflows on Tuesday. Data from SosoValue shows that $31 million exited the ETF. Despite this, inflows from three other Ethereum ETFs helped offset these outflows:
- BlackRock’s ETHA: $49.12 million in net inflows
- Fidelity’s FETH: $5.41 million in net inflows
- Inveco’s QETH: $813,690 in inflows
The total daily trading volume for the nine spot Ethereum ETFs reached approximately $191 million on Tuesday, down from $285.9 million on Monday.
Bitcoin ETFs Continue Positive Flows
In contrast, U.S. spot bitcoin ETFs saw net inflows totaling $38.94 million on Tuesday. The largest contributor was BlackRock’s IBIT, which recorded $34.55 million in net inflows. Other notable inflows included:
- Fidelity’s FBTC: $22.56 million in net inflows
- Bitwise’s BITB: $16.54 million in inflows
However, Grayscale’s GBTC continued its streak of outflows, with $28.65 million exiting the product, marking nine consecutive days of outflows. Ark and 21Shares’ ARKB also reported net outflows of $6 million.
The total daily trading volume for the 12 spot bitcoin ETFs was $1.18 billion on Tuesday, a slight decrease from $1.3 billion traded on Monday.
Recent Price Movements
As of the latest data, the price of Bitcoin increased by 3.27% over the past 24 hours, reaching $61,109. Ether gained 2.1%, trading at $2,713.
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