Spot Ethereum ETFs Post Inflows Again

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According to data from SoSoValue, nine Ethereum exchange-traded funds in the US saw a combined inflow of $5.84 million on Wednesday, ending a streak of nine consecutive days of outflows.

The Grayscale Ethereum Trust (ETHE) experienced an outflow of $3.81 million, while BlackRock’s spot ether fund saw an influx of $8.4 million and Fidelity’s FETH had an inflow of $1.26 million.

In total, the ETFs had a trading volume of $151.57 million on Wednesday, which is significantly lower than the volumes seen in late July when they first launched at around $900 million.

Since their launch, the ETFs have seen a total net outflow of $475.48 million. Meanwhile, bitcoin ETFs in the US had a net outflow of $105.19 million on Wednesday, according to SoSoValue data.