Ethereum ETFs See $48M in Positive Flows Amid Market Bloodbath

• ETH ETF trading volumes have nearly doubled since last week.
• Ethereum ETFs have seen higher net inflows than Bitcoin ETFs.
• The Crypto Fear & Greed Index is at “Extreme Fear.”

U.S. Spot Ethereum (ETH) exchange-traded funds (ETFs) are back in business, posting their second-largest day of cumulative net inflows, albeit a slim intake.

As Grayscale outflows begin to slow and the crypto market attempts to recover from Monday’s sizeable crash, sentiment remains bullish.

Ethereum ETFs

As per data from SoSoValue , BlackRock’s iShares ETF (ETHA) continues leading the inflow charge with a sturdy $47.09 million in net inflows. With one day of neutral flows and zero outflows, ETHA has seen cumulative net inflows of $760 million.

VanEck’s Ethereum ETF (ETHV) secured $16.62 million in net inflows, its second-largest day since launch. Fidelity’s Ethereum Fund (FETH) is on a 10-day inflow streak, bagging $16.15 million, bringing its cumulative net inflows to $313.2 million.

Showing signs of promise, Grayscale’s Ethereum Mini Trust (ETH) netted $7.59 million, bringing its net inflows to $208.49 million. Similarly, Bitwise’s Ethereum ETF (ETHW) added a modest $7.2 million to its cumulative net inflows, totaling $295.19 million.

Finally, Franklin Templeton’s Ethereum ETF (EZET) pulled a humble $908,380, bringing the fund’s net assets up to $24.53 million.

Neutral or Negative

The Invesco Galaxy Ethereum ETF (QETH) flows remain neutral for the seventh consecutive trading day. Having only seen three days of inflows, the fund has accumulated just $14.3 million in net assets.

Following this trend, the 21Shares Core Ethereum ETF (CETH) had its third day of neutral flows. With just two days of inflows recorded since launch, CETH is the smallest Ethereum ETF by net assets, with $9.08 million on its balance sheet.

The Grayscale Ethereum Trust (ETHE) outflows are as predictable as ever, shedding $46.84 million from its fund. Interestingly, this is the lowest outflow figure ETHE has seen since its launch, bringing its cumulative net outflows to $2.16 billion.

A Bounce Back?

Easing these woes, global markets appear to be recovering from the Japanese stock market sell-off that shook global markets on Aug. 5. Notably, Japan’s Nikkei 225 stock index had jumped 10.23% at the time of writing.

Seemingly, investors in stock and ETF markets were eager to buy the dip, but according to the Crypto Fear and Greed Index , the crypto market still remains in “Extreme Fear” after spending last week in the “Greed” position.

About the Author

Eddie Mitchell

Eddie has been writing news and content primarily for crypto news and industry players over the past seven years. With an eye for the bigger picture, Eddie prefers to investigate the broader implications of a story, as well as explore the weird and wonderful world of crypto. He believes blockchain has already changed the world, but observes the space overall with a skeptical and adoring eye.

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