U.S. spot Ethereum exchange-traded funds (ETFs) experienced a notable resurgence on Monday, with $4.9 million flowing into these products. This marks the first positive net inflow day following three consecutive days of negative flows.
According to data from SoSoValue, the nine ether ETFs saw a reversal in their recent trend. Grayscale’s Ethereum Trust (ETHE), which had been experiencing a 14-day streak of outflows, reported zero flows for the first time since its conversion into an ETF.
VanEck’s ETHV was the only spot ether ETF to record negative flows on Monday, with $2.92 million in outflows. This was the first instance of ETHV reporting outflows since July 23.
In contrast, other ETFs showed positive performance:
- Fidelity’s FETH logged $3.98 million in net inflows.
- Bitwise’s ETHW reported $2.86 million in inflows.
- Franklin’s EZET saw about $1.01 million in inflows.
The total daily trading volume for spot ether ETFs reached $286 million on Monday, a significant increase from $166.9 million on Friday.
In related news, U.S. spot bitcoin ETFs also saw significant inflows on Monday, totaling $27.87 million. Among the funds, Ark and 21Shares’ ARKB attracted the largest net inflows, amounting to $35.4 million. BlackRock’s IBIT followed with $13.45 million in net inflows, while Grayscale’s Bitcoin Trust reported $7.85 million in inflows. However, Bitwise’s BITB and Grayscale’s GBTC experienced outflows of $17.06 million and $11.77 million, respectively.
Bitcoin’s price rose 1.09% over the past 24 hours to approximately $59,128, while ether saw a gain of 4.51%, trading at $2,657, according to The Block’s price page.
