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Ethereum ETFs slowly picking up - ETH rate not

In Ethereum ETFs, a trend reversal is emerging: the net balance is positive for the first time since the trading start.

By Mike Hesp
• 1 min read
Ethereum ETFs slowly picking up - ETH rate not

In Ethereum ETFs, a trend reversal is emerging: the net balance is positive for the first time since the trading start. This is not yet noticeable in the Ether price.

The Ethereum Spot ETFs books the first positive net balance since the trading start last week.

From data from Farside shows that the plus on Tuesday, July 30, was $34 million. Outflows from the Grayscale Ethereum Trust, meanwhile, appear to be slowing. About $120 million flowed out of the fund yesterday, the smallest outflow since its inception.

BlackRock's iShares Ethereum ETF recorded the largest inflows with $117.9 million.

Possibly this indicates a slight trend reversal. With the exception of the first day of trading, the net balance of all Ethereum Spot ETFs has been negative so far. More than half a billion dollars was withdrawn from the funds in recent days.

The Ether price reacted cautiously, falling 0.6% to $3,287. Compared to last week, the price is down five percentage points.

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