Ethereum

Bitcoin

Spot

United States-based spot Ether exchange-traded funds (ETFs) have recorded five straight days of outflows, their longest period of continuous outflows since they launched on July 23.
Most of the investments made by the recently approved nine spot Ether (<a data-ct-non-breakable="null" href="https://cointelegraph.com/ethereum-price" rel="" target="_self" text="null">ETH</a>) ETFs have been overshadowed by outflows from the Grayscale Ethereum Trust (ETHE), which have exceeded over $2.5 billion as of Aug. 21. 
Outflows from ETHE have been daily, except on Aug. 12, when the Grayscale fund reported no net flows, <a data-ct-non-breakable="null" href="https://farside.co.uk/ethereum-etf-flow-all-data/" rel="nofollow noopener" target="_blank" text="null">according</a> to Farside Investors data.&nbsp;
<figure>
 <img alt="Spot Ethereum ETFs record longest outflow streak amid drying investments" name="" src="https://s3.cointelegraph.com/uploads/2024-08/screencapture-farside-co-uk-ethereum-etf-flow-all-data-2024-08-22-12_51_51">
 <figcaption style="text-align: center;">
 Total inflows and outflows of investments from spot Ether ETFs. Source: Farside Investors
 </figcaption>
</figure>
As shown above, spot Ether ETFs had their longest streak of outflows, losing $92.2 million in five days from Aug. 15–21.&nbsp;
<h2 id="defending-against-grayscale-outflows">Defending against Grayscale outflows</h2>
During this period, Grayscale’s ETHE reported $158.6 million in outflows. However, comparable inflows from BlackRock’s iShares Ethereum Trust ETF (ETHA), the Fidelity Ethereum Fund (FETH) and Bitwise Ethereum ETF (ETHW) helped reduce the damage.
In contrast, the Grayscale Ethereum Mini Trust (ETH) has not reported any outflows since its launch and maintains positive flows of $231.9 million.
ETHA also became the first spot Ether ETF to bring in $1 billion in net inflows on Aug. 20. In total, net flows from spot Ether ETFs currently stand at negative $458.5 million.
Related: <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/bitcoin-spot-etfs-gain-interest-despite-august-outflows" rel="null" target="null" text="null">Spot Bitcoin ETFs attract investor interest despite August outflows</a>
Check out Cointelegraph’s beginner guide to <a data-ct-non-breakable="null" href="https://cointelegraph.com/learn/spot-ethereum-etf" rel="null" target="null" text="null">learn more about spot Ether ETFs</a>.
<h2 id="bitcoin-etfs-attract-investments">Bitcoin ETFs attract investments</h2>
On the other hand, spot Bitcoin (<a data-ct-non-breakable="null" href="https://cointelegraph.com/bitcoin-price" rel="" target="_self" text="null">BTC</a>) ETFs in the US, which launched in January 2024, have net positive flows of $17.5 billion. Spot BTC ETFs maintain a positive balance sheet despite the Grayscale Bitcoin Trust’s $19.6 billion of outflows.
Moreover, the spot Bitcoin ETFs have maintained <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/spot-bitcoin-etfs-maintain-positive-flows-for-8-out-of-the-last-10-days" rel="null" target="null" text="null">positive flows for eight out of the last 10 days</a>. On Aug. 20, the BTC ETFs saw aggregate inflows of $88 million, their highest for two weeks, according to Farside Investors data.
BlackRock’s iShares Bitcoin Trust led the pack with inflows of $55.4 million, bringing the total net inflow for the product since its launch in January to $20.5 billion.
Magazine: <a data-ct-non-breakable="null" href="https://cointelegraph.com/magazine/algorithm-choice-can-fix-social-media-but-only-on-decentralized-platforms/" rel="null" target="null" text="null">Dorsey’s ‘marketplace of algorithms’ could fix social media… so why hasn’t it?</a>

Spot Ethereum ETFs record longest outflow streak amid drying investments

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Cointelegraph

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