Spot Ethereum ETFs record $24 million in net inflows, Grayscale’s ETHE shifts back to negative flows

Reported by The Block: U.S. spot ether ETFs recorded $24.3 million in net inflows, while spot bitcoin ETFs saw $38.9 million flow into the funds.

Grayscale’s ETHE shifted back to negative flows after having no flows the day before.

U.S. spot Ethereum exchange-traded funds saw $24.34 million in net inflows on Tuesday, continuing their positive flows from Monday. At the same time, the Grayscale Ethereum Trust (ETHE) experienced a return to negative flows after reporting zero flows the previous day.

Grayscale’s ETHE was the only spot ether fund to report net outflows on Tuesday, with $31 million leaving the ETF, according to data from SosoValue.

Inflows from three other ETFs offset that. BlackRock’s ETHA recorded the largest inflows among the funds yesterday, with $49.12 million in net inflows, following no flows the previous day. Fidelity’s FETH logged $5.41 million in net inflows, and Inveco’s QETH posted $813,690 in inflows.

The total daily trading volume of the nine spot ether ETFs reached around $191 million on Tuesday, compared to $285.9 million on Monday.

Spot bitcoin ETFs continued positive flows
Meanwhile, according to SosoValue data, the 12 spot bitcoin ETFs in the U.S. logged net inflows of $38.94 million on Tuesday.

That was primarily contributed by BlackRock’s IBIT, the largest spot bitcoin ETF by net assets. It recorded $34.55 million in net inflows yesterday.

Fidelity’s FBTC followed with net inflows of $22.56 million, and Bitwise’s BITB logged $16.54 million in inflows.

Grayscale’s GBTC continued to experience outflows, with $28.65 million exiting the product, extending the ETF’s outflow streak to nine consecutive days. Ark and 21Shares’ ARKB recorded net outflows of $6 million yesterday.

On Tuesday, the total daily volume of the 12 ETFs amounted to $1.18 billion, slightly less than the $1.3 billion traded on Monday.

The price of bitcoin climbed 3.27% over the past 24 hours to $61,109 at the time of writing, according to The Block’s price page. Ether gained 2.1% to change hands at $2,713.