Ether ETFs Record First Week Of Positive Net Inflows Since Launch

Author: Nidhi Kolhapur

Nidhi Kolhapur

Author

Nidhi is a Certified Digital Marketing Executive and Passionate crypto Journalist covering the world of alternative currencies. She shares the latest and trending news on Cryptocurrency and Blockchain.

Aug 12, 2024 14:04

The nine newly launched ETH ETFs had positive overall net inflows of $104.8 million for the week beginning August 5. Six of them had overall positive net flows for the week, with BlackRock’s iShares Ethereum Trust leading the pack with $188.4 million. Fidelity’s Ethereum Fund, had $44.65 million in inflows last week. The other four ETFs with aggregate inflows last week were Grayscale’s Mini Ethereum Trust with $19.8 million, the VanEck Ethereum ETF with $16.6 million, the Bitwise Ethereum ETF with $11.7 million, and the Franklin Ethereum ETF with $3.7 million.