US Spot Ethereum ETFs Receive $34M

Investment flows into Ethereum exchange-traded funds listed in the United States have turned positive for the first time since their launch day, thanks to a decrease in outflows from the Grayscale Ethereum Trust.

According to preliminary data from Farside Investors and decentralized aggregator Tree News, net inflows of $33.6 million were recorded across all nine spot Ether ETFs on July 30.

While this may not seem like a significant amount, it is the first time since launch that the funds have seen a net inflow.

Since July 24, a total of $547 million has been withdrawn from spot Ether investment products. On July 30, the iShares Ethereum ETF (ETHA) from BlackRock saw the largest inflow of $117.9 million.

Fidelity’s Advantage Ether ETF (FETH) received $16.4 million, while Bitwise Ethereum Fund (ETHW) and Franklin Ethereum ETF (EZET) brought in $3.5 million and $3.7 million, respectively.