Spot Ethereum ETFs Continue Strong Inflow Streak, Reaching $453M
- Spot Ethereum exchange-traded funds (ETFs) attracted $452.72 million in net inflows on Friday, extending their streak to 16 consecutive trading days.
- Cumulative net inflows across all US spot Ether ETFs have reached $9.33 billion since launch, with total net assets at $20.66 billion.
- Grayscale’s ETHE experienced a loss of $23.49 million, contributing to a cumulative outflow of $4.29 billion.
- The inflow streak began on July 2 and has seen daily contributions peak at $726.74 million.
- In comparison, spot Bitcoin (BTC) ETFs gained $130.69 million in net inflows on the same day.
The ongoing interest in Ethereum is driven by institutional investments and the potential for growth in DeFi and staking sectors. This trend highlights a significant demand for Ether that may outstrip supply as estimated by industry experts.
With total net assets for Ether ETFs now at $20.66 billion, this reflects a growing confidence in the asset’s future, especially after seeing consistent inflows over the past weeks.(Source)
