- Pin
- 🎁 12th Anniversary Celebration – Reward Distribution Notification
🎊 Congratulations to all winners! Rewards have been sent to your Gate accounts. Please check your balances
Note:
- In regions where shipping isn’t available, physical merch will be converted to equivalent vouchers — please be patient;
- If an item is out of stock, it will be substituted with merch of equal value.
🚀 Thank you for your support! Stay tuned for more exciting events
- What are Gate Post Ambassadors? One article guides you through the responsibilities and benefits of being a Gate Post ambassador!👇️
Ethereum's (ETH) turnaround signal: Spot ETFs provided confidence
On Tuesday, there was a net inflow of $33.67 million into spot ETH exchange-traded funds (ETFs), ending a four-day negative flow series.
According to SosoValue data, Grayscale Ethereum Trust (ETHE) was the only spot ether ETF with a negative flow, recording a net outflow of $120.28 million. The ETF has experienced outflows every day since its launch on July 23. This was balanced by inflows led by BlackRock's ETHA, which recorded a net inflow of $117.98 million. Fidelity's FETH saw a flow of $16.36 million into the fund, while Grayscale Ethereum Mini Trust recorded a net inflow of $12.36 million.
The dominance of ETH in Spot ETFs has attracted attention
Franklin's EZET also reported a net inflow of $3.73 million, and Bitwise's ETHW recorded a net inflow of $3.52 million. The other three spot ether ETFs saw zero inflows. The total daily trading volume of these spot Ether products decreased to $563.22 million on Tuesday, down from $773.01 million on Monday and $933.86 million on Friday.
By the way, according to SosoValue data, 11 spot Bitcoin ETFs in the US experienced a net outflow of 18.3 million dollars on Tuesday, following four days of positive flow. BlackRock's IBIT saw an inflow of 74.87 million dollars, making it the only spot Bitcoin ETF to record net inflows.
Grayscale's GBTC recorded the largest outflow among funds with a net outflow of $73.6 million. Ark and 21Shares' ARKB followed with a net outflow of $7.88 million, followed by VanEck HODL with a net outflow of $5.58 million, Bitwise BITB with a net outflow of $3.23 million, and Fidelity FBTC with a net outflow of $2.88 million.
The total daily trading volume of Spot Bitcoin ETFs on Tuesday was $1.37 billion, which further increased compared to Monday's $2.68 billion and Friday's $2.04 billion volume.
This article does not contain investment advice or recommendations. Every investment and trading activity carries risks, and readers should conduct their own research when making decisions.