The Ethereum Spot ETF began August with a positive inflow, adding $26.7 million, despite 5 out of 9 ETFs recording neutral flow. On August 1st, Blackrock’s “ETHA” saw an inflow of $89.6 million, followed by Fidelity’s “FETH” with $11.7 million, and Bitewise’s “ETHW” with $3.4 million. Grayscale’s “ETHE” reported the lowest outflow with $78 million yesterday.
Blackrock's significant contribution to the inflows highlights its strong position in the market. This movement suggests a positive market sentiment towards Ethereum ETFs at the start of August.
The overall inflows signify investor confidence, especially in the offerings by Blackrock and Fidelity. Grayscale's outflow, despite being substantial, didn't overshadow the positive contributions from other ETFs.