Ethereum

Bitcoin

Spot

<ul> 
 <li><strong>The US spot Ethereum ETF market recorded a net inflow of $5.84M.</strong></li> 
 <li><strong>BlackRock’s ETHA ETF witnessed the largest one-day inflow of $8.40 million.</strong></li> 
</ul> 
<p>After the nine consecutive days of outflows, the US Spot Ethereum ETFs witnessed a net inflow of $5.84 million. The inflows were led by BlackRock’s ETHA and Fidelity’s FETH. Conversely, Grayscale’s ETHE continues to experience outflows.</p> 
<p>According to the SoSoValue <a href="https://sosovalue.com/assets/etf/us-eth-spot" target="_blank" rel="noreferrer noopener nofollow">statistics</a>, BlackRock’s ETHA ETF witnessed the largest inflow of $8.40 million, with the current total net asset worth $846.54 million. Followed by the key player, Fidelity’s FETH ETF saw an inflow of $1.26 million, with the total net asset worth $323.63 million, contributing to the overall net flows of the Ethereum ETFs. In contrast, Grayscale’s ETHE ETF experienced an outflow of $3.81 million, indicating the ongoing selling pressure with a total net asset value of $4.53 billion.&nbsp;</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter">
  <img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXc2EeN7O1VdC6T-tKaF4vpb9LxIDnTwHvJbwSLfyf_H03pMh4FE2aJ2_uft3qQ1sQBSd6G_HYqbaueDCUxceEo92AXYl8Vux49pyMOMosfhBz62i2PGwj7buFl3Qolod0B_ZPDxk_iALGh_-_eYO3ToTig?key=0v1YsITqnrmV13-TOuLrhg" alt="">
  <figcaption class="wp-element-caption">
   <em>ETH ETF chart (Source: <a href="https://sosovalue.com/assets/etf/us-eth-spot" target="_blank" rel="noreferrer noopener nofollow">SoSoValue</a>)</em>
  </figcaption>
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</div> 
<p>Moreover, in the past week, the total net inflow of spot Ethereum ETFs was observed at $10.83 million. The spot Ethereum ETFs have experienced a cumulative net <a href="https://thenewscrypto.com/spot-eth-etfs-record-first-positive-weekly-inflows-amid-price-struggles/" target="_blank" rel="noreferrer noopener">inflow</a> of $475.48 million to date. On the other hand, Ethereum ETFs witnessed a significant outflow of $39.21 million on August 15.&nbsp;</p> 
<p>Meanwhile, US Bitcoin spot ETFs also witnessed a total net outflow of $105.19 million. Fidelity FBTC noted an outflow of $10.37 million, Ark Invest and 21 Shares ARKB witnessed $59.27 million outflow, and VanEck Bitcoin Trust ETF saw an outflow of $10.07 million.</p> 
<h3 class="wp-block-heading" id="h-price-action-of-ethereum-eth">Price Action of Ethereum (ETH)</h3> 
<p>The Ethereum price has experienced a brief <a href="https://thenewscrypto.com/how-will-ethereum-navigate-its-price-from-current-recovery-levels/" target="_blank" rel="noreferrer noopener">recovery</a> of 0.98% in the last 24 hours. At the time of writing, Ethereum (ETH) trades at $2,545. Whereas, the daily trading volume has dropped by 25.58% to $16.50 billion as per CMC <a href="https://coinmarketcap.com/currencies/ethereum/" target="_blank" rel="noreferrer noopener nofollow">data</a>. The lowest and highest price of ETH traded is noted at $2,457 and $2,558, respectively.&nbsp;</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter">
  <img decoding="async" src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXdynXIkchZQNc5yeI5h1V240ymAeqsYE0SAeeC7VwisVVi9lJQfyYe_qz0q3bhIMhWdB2FHwT5qgvWPqn63R2dhL7mg-pW0UcnIquMmCkJBvbD_iuE_mdNxjVfcwQtCz6V4Z4pkh-nACotDoIwTSRbIK7KW?key=0v1YsITqnrmV13-TOuLrhg" alt="">
  <figcaption class="wp-element-caption">
   <em>(Source: <a href="https://in.tradingview.com/symbols/ETHUSDT/?exchange=BINANCE" target="_blank" rel="noreferrer noopener nofollow">TradingView</a>)</em>
  </figcaption>
 </figure>
</div> 
<p>Looking ahead, the short-term 9-day MA is found at $2,637 and the long-term 21-day MA at $2,627. Meanwhile, ETH is heading towards the neutral zone as the daily RSI stood at 41.07.&nbsp;</p> 
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US Spot Ethereum ETFs Ends the Prolonged Outflows

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