US ETH Spot ETF Sees Significant Inflow, Grayscale Experiences Outflow
CryptoNewsTerminal Staff14 Aug, 2024
US ETH Spot ETF Sees Significant Inflow, Grayscale Experiences Outflow
The United States Ethereum Spot ETF experienced a substantial net inflow of $107.7 million on February 14th, as reported by cryptocurrency market data analytics platform SoSoValue. However, Grayscale's ETHE saw a net outflow of $16.95 million during the same period. On the other hand, BlackRock's ETHA recorded a net inflow of $16.13 million, Fidelity CBOE added $6.65 million, Bitwise ETHW gained $2.67 million, and Grayscale's Mini Ethereum ETF (ETH) reported a net inflow of $2.26 million. No net inflows were observed in any other ETFs. This recent inflow signals a growing investor interest in Ethereum-based investments, particularly in the United States. Despite Grayscale's ETHE experiencing an outflow, other ETFs have seen positive inflows, indicating a shift in investor sentiment towards more actively managed and diversified Ethereum investment products.
