Ether ETFs Finally Turn Positive After Five Days of Consecutive Inflows
After a slow start compared to their bitcoin counterparts, ether (ETH) exchange-traded funds (ETFs) have posted positive cumulative flows for the first time since their launch in July, buoyed by five straight days of net inflows.
The nine U.S.-listed spot ether ETFs collectively recorded just under $136 million in inflows on Tuesday, bringing the total inflows since Nov. 6 to approximately $650 million, according to data from SoSoValue.
This recent momentum has pushed the funds’ cumulative inflows into positive territory, now standing at $94.62 million. The last time cumulative inflows were positive was on their debut trading day, July 23, when the funds saw a one-time net investment of $106.8 million.
Unlike bitcoin ETFs, which sparked significant investor interest upon their January launch, ether ETFs faced a more subdued reception. Grayscale’s Ethereum Trust (ETHE), already managing over $8 billion in assets at the time, experienced consistent outflows that were not balanced by inflows into newly launched ether ETFs.
Analysts have pointed to several factors contributing to the lukewarm initial response. Chief among them are the absence of staking provisions—a feature increasingly sought after by Ethereum investors—and the relatively modest performance of ETH prices during the broader crypto market rally. Over the past year, ether has climbed by around 55%, lagging behind bitcoin (BTC) and solana (SOL), which surged by 141% and 305%, respectively, according to CoinDesk Indices.
While the recent influx signals a change in sentiment for ether ETFs, they still have ground to cover to match the overwhelming response seen in the bitcoin ETF market.
Read More: [Bitcoin ETFs See Record $1.3B Inflows on Trump Win, Fed Rate Cuts]
