Ether ETFs Achieve Positive Inflows for the First Time After Five Days
Crypto

Ether ETFs Achieve Positive Inflows for the First Time After Five Days

Ether ETFs have recorded their first positive cumulative flows following several days of investments.

Ether ETH exchange-traded funds (ETFs) have achieved positive cumulative flows for the first time since their launch in July, following five days of net inflows.

The nine spot ether ETFs listed in the U.S. saw inflows of just under $136 million on Tuesday, increasing the total inflows since November 6 to around $650 million, according to data tracked by SoSoValue.

Currently, the cumulative inflows stand at a positive $94.62 million. The previous instance of positive cumulative inflow was on July 23, when the first-day trading experienced a net investment of $106.8 million.

Unlike bitcoin ETFs, ether ETFs faced challenges in attracting investment since their inception. Grayscale's Ethereum Trust (ETHE) managed substantial assets at the time of listing but subsequently recorded outflows that were not compensated by inflows into other ether funds.

Several factors might explain the tepid response to ether ETFs, including the absence of staking provisions and subdued ETH price movements amidst a broader crypto market rally. In the past year, ether's price has increased by approximately 55%, contrasted with gains of roughly 141% and 305% for bitcoin (BTC) and solana (SOL), respectively.

Read More: Bitcoin ETFs Report Record $1.3B Inflows Following Trump's Victory and Fed Rate Reductions

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