n August 28th, Ethereum ETFs finally showed signs of strength with inflows, after approximately a week of net outflows. ETH ETFs, have reached $5.9 million dollars, This is a sign that interest by institution is still alive.
Individual ETF Performance
A similar case was observed in Grayscale’s ETH ETF, whose outflows continued to decrease, while BlackRock’s Ethereum ETF was on the top with $8. 4 million Dollars in inflows. Moreover, Fidelity Ethereum ETF (FETH) also saw net inflows of approximately $1. 3 million dollars.
Cumulative Performance Since Launch
With negative net flows of $475 million dollars on an average, it can be summed up that the overall experience has remained negative for the ETF markets. Ethereum ETFs have already seen more than $2 billion in inflows in just 27 trading days.
Ranking Among ETF Launches
All ethereum ETF’s combined, have been ranked as the 4th largest ETF launch in the world so far, behind Bitcoin ETFs which were the most successful launch in all ETFs markets and history.
The shift in institutional sentiment
The latest positive flow that has occurred in the Ethereum ETFs shows signs that institutional sentiment is shifting. These funds may still face some hurdles, especially concerning ETHE’s outflows , but the performance of these funds indicates a rising demand for Ethereum as an asset.
