U.S. ETH Spot ETF Sees Inflows of $4.9 Million on August 12

IconCryptoNewsTerminal Staff12 Aug, 2024

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U.S. ETH Spot ETF Sees Inflows of $4.9 Million on August 12

According to data from Trader T, U.S. Ethereum spot exchange-traded funds (ETFs) experienced inflows amounting to $4.9 million on August 12 (local time). The majority of these inflows were directed toward Fidelity's FETH, which saw an increase of $4 million, followed by Bitwise's ETHW with $2.9 million and Franklin Templeton's EZET with $1 million. However, outflows were recorded from VanEck's ETHV, with the amount totaling $2.9 million. These inflows into U.S. ETH spot ETFs indicate a growing interest among investors in gaining exposure to Ethereum, the second-largest cryptocurrency by market capitalization.

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