Fund flows into United States-listed spot Ethereum exchange-traded funds (ETFs) have shifted to a daily net positive for the first time since their launch day, primarily due to a reduction in outflows from the Grayscale Ethereum Trust.
On July 30, net inflows across all nine spot Ether ETFs totaled $33.6 million, according to preliminary data from Farside Investors and decentralized aggregator Tree News.
Although the figure isn’t exceptionally high, it marks the first time these funds have seen inflows since their launch.
Since July 24, about $547 million has exited the spot Ether investment products. On July 30, BlackRock’s iShares Ethereum ETF (ETHA) led with $117.9 million in inflows.
Fidelity’s Advantage Ether ETF (FETH) followed with $16.4 million, while Bitwise Ethereum Fund (ETHW) and Franklin Ethereum ETF (EZET) recorded $3.5 million and $3.7 million, respectively.
Grayscale’s ETHE, however, experienced its smallest day of outflows, amounting to just $120.3 million—significantly less than its outflows on launch day. Several other ETFs reported zero inflows and outflows.
Ethereum advocate Anthony Sassano referred to the positive trend as “Larry Fink’s birthday present to Ethereum.”
Split Capital founder and chief investment officer Zaheer Ebtikar noted, “Definitely some rotating capital,” highlighting that spot Bitcoin ETFs saw outflows of $18.3 million on the same day.
READ MORE: Polymarket Surpasses $1 Billion in Trading Volume, Driven by U.S. Election Betting Surge
On July 29, Steno Research senior analyst Mads Eberhardt suggested that the large outflows from Grayscale’s ETHE might decrease, which seems to have already happened.
In a post on X on July 31, ETF Store President Nate Geraci remarked that in just one week of trading, BlackRock’s iShares Ethereum ETF ranked in the top 15 for inflows among all ETFs launched this year, out of approximately 330 new ETFs.
Since its launch on July 23, the BlackRock ETHA fund has amassed $618 million in inflows, positioning it as the industry leader among Ethereum ETFs, alongside its standing in Bitcoin ETFs.
On July 29, BlackRock’s ETF and investments chief, Samara Cohen, mentioned that Ethereum ETFs are expected to become part of model portfolios offered by large wirehouses by the end of the year.
To submit a crypto press release (PR), send an email to sales@cryptointelligence.co.uk.
