U.S. spot Ether exchange-traded funds (ETFs) saw a net inflow of $33.7 million on July 30, 2024 giving investors a reason to smile. This inflow ended a worrying four-day period of negative cash flows.
This turnaround, boosted by big investments in top funds, suggests a possible change in how the market feels after weeks of money leaving these funds.
Grayscale Keeps Losing Money in Ether ETF Flows
The recent inflows follow a rough patch for Grayscale’s Ethereum Trust (ETHE). Since it started on July 23, ETHE has seen massive outflows adding up to about $1.8 billion. On July 30, the fund lost $120.3 million in net outflow keeping up a gloomy pattern. It has lost money every day since its launch putting more strain on its assets under management which have dropped from over $9 billion to around $6.8 billion.
FIRST ETH ETF INFLOWS SINCE INCEPTION
That was fast. https://t.co/eSAjP3mah7
— Zaheer (@SplitCapital) July 31, 2024
On the flip side, BlackRock’s iShares Ethereu
We współpracy z: https://www.thecoinrepublic.com/2024/07/31/spot-ether-etfs-post-33-7m-inflows-ending-recent-negative-streak/
