Ethereum

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<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/ethereum-etfs-attract-positive-net-inflows-for-the-first-time/" data-wpel-link="internal">Ethereum ETFs Attract Positive Net Inflows for the First Time</a><br></p>
<p class="p1" style="text-align: justify">In the United States, spot <a href="https://en.coin-turk.com/ethereum-under-scrutiny-alarming-connections-and-dao-hack-revisited/" data-wpel-link="internal">Ethereum</a> exchange-traded funds (ETFs) have seen positive daily net inflows for the first time since their launch, primarily due to the slowing sales pressure from Grayscale Ethereum Trust. According to preliminary <a href="https://newslinker.co/how-does-artificial-intelligence-work/" target="_blank" rel="noopener" data-wpel-link="exclude">data</a> from Farside Investors and Tree News, net inflows across all nine spot Ethereum ETFs reached $33.6 million on July 30.</p> 
<h2 class="p1" style="text-align: justify" id="what-is-happening-in-the-ethereum-etf-sector">What Is Happening in the Ethereum ETF Sector?</h2> 
<p class="p1" style="text-align: justify">Although the figure itself is not very impressive, it is the first time the funds have recorded an inflow outside of their launch day. Since July 24, approximately $547 million has exited spot Ethereum <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investment</a> products. BlackRock’s iShares Ethereum ETF (ETHA) offset the largest inflows on July 30 with $117.9 million.</p> 
<p class="p1" style="text-align: justify">Fidelity’s Advantage Ethereum ETF (FETH) gained $16.4 million, while Bitwise Ethereum Fund (ETHW) and Franklin Ethereum ETF (EZET) gained $3.5 million and $3.7 million, respectively.</p> 
<p class="p1" style="text-align: justify">Meanwhile, Grayscale’s ETHE fund saw its lowest day of outflows at just $120.3 million, which is only a quarter of its launch day outflows. Ethereum advocate Anthony Sassano commented on the positive turnaround, calling it Larry Fink’s birthday gift to Ethereum.</p> 
<p class="p1" style="text-align: justify"><img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-375523" src="https://coin-turk.com/wp-content/uploads/2024/07/sassal.jpg" alt="" width="500" height="256"></p> 
<h2 class="p1" style="text-align: justify" id="details-on-the-matter">Details on the Matter</h2> 
<p class="p1" style="text-align: justify">Zaheer Ebtikar, founder and chief investment officer of Split Capital, noted on July 30 that $18.3 million exited spot Bitcoin ETFs, indicating some capital rotation. On July 29, Steno Research senior analyst Mads Eberhardt said that the large outflows from Grayscale’s ETHE fund were likely to decrease this week, which has already happened.</p> 
<p class="p1" style="text-align: justify">In a post on X on July 31, Nate Geraci noted that in just one week of trading, BlackRock’s iShares Ethereum ETF ranked among the top 15 inflows of all ETFs launched this year and among the top 15 of approximately 330 new ETFs.</p> 
<p class="p1" style="text-align: justify">Since its launch on July 23, BlackRock’s ETHA fund has achieved $618 million in inflows, making it a sector leader for Ethereum ETFs in addition to Bitcoin ETFs. On July 29, BlackRock’s ETF and investment chief Samara Cohen stated that Ethereum ETFs would be part of the model portfolios offered by major brokerage firms by the end of the year.</p> 
<ul class="Summary"> 
 <li>Spot Ethereum ETFs saw positive net inflows due to reduced Grayscale sales pressure.</li> 
 <li>BlackRock’s iShares Ethereum ETF led with $117.9 million in inflows on July 30.</li> 
 <li>Grayscale’s ETHE fund saw its lowest outflows at $120.3 million.</li> 
</ul> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/ethereum-etfs-attract-positive-net-inflows-for-the-first-time/" data-wpel-link="internal">Ethereum ETFs Attract Positive Net Inflows for the First Time</a></h5>
<p>The post <a href="https://en.coin-turk.com/ethereum-etfs-attract-positive-net-inflows-for-the-first-time/" data-wpel-link="internal">Ethereum ETFs Attract Positive Net Inflows for the First Time</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.</p>

Ethereum ETFs Attract Positive Net Inflows for the First Time

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