Spot Ethereum ETFs flip positive after $34M inflow on July 30
Daily flow into Ether ETFs has turned up positive for the first time since launch day, reversing a trend of outflows that saw $547 million leave the funds over the past four days.
Fund flows to United States-listed spot Ethereum exchange-traded funds have flipped to a daily net positive for the first time since its launch day, due mainly to a slowdown in bleeding from the Grayscale Ethereum Trust.
Net inflows across all nine spot Ether ETFs came in at $33.6 million on July 30, according to preliminary data from Farside Investors and decentralized aggregator Tree News.
While the figure itself isn’t that impressive, it is the first time the funds have registered an inflow outside of its launch day. Around $547 million have left the spot Ether investment products since July 24.
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Author: Martin Young
