Spot Ethereum (ETH) exchange-traded funds (ETFs) in the US registered $5.9 million in net inflows on Aug. 28 after nine consecutive days of outflows, based on Farside Investors data.

Grayscale Ethereum Trust (ETHE) registered $3.8 million in outflows yesterday, the smallest amount of cash leaving the fund since the spot Ether ETFs debuted in the US on July 23.

Additionally, BlackRock’s iShares Ethereum Trust ETF (ETHA) registered $8.4 million in inflows, the first sign of funds flowing after closing five trading days with no action. The Fidelity Ethereum Fund (FETH) added $1.3 million to inflows, wrapping up the positive day.

ETHA has not registered a single day of outflows since its launch despite showing neutral flows on nine out of 27 trading days.

Meanwhile, ETHE’s outflow spree may be cooling as the amount of capital leaving the fund has gradually decreased since Aug. 22.

Over $2 billion in inflows

Since their launch, US-traded Ethereum ETFs have registered negative net flows of $475.7 million. However, excluding the $2.55 billion in outflows from ETHE, these funds have already surpassed $2 billion in inflows in just 27 trading days.

According to ETF Store CEO Nate Geraci, if the cumulative value of Ethereum ETFs is considered as one product, it would equate to the fourth-largest ETF launch to date.

Notably, the “super Ethereum ETF” would only be bested in inflows by Bitcoin (BTC) ETFs: BlackRock’s IBIT, Fidelity’s FBTC, and ARK 21Shares’ ARKB.

Geraci added that ETHA is currently the largest spot Ethereum ETF with over $1 billion in inflows to date, and it is also the seventh-largest ETF launch.

FETH and Bitwise Ethereum ETF (ETHW) have the second and third most significant inflows, capturing $392.9 million and $314.1 million in cash, respectively.

While Grayscale’s ETHE is responsible for the negative net flows registered by spot Ethereum ETFs, its Ethereum Mini Trust (ETH) added significant positive value to the bundle, registering $235.6 million in inflows since its launch.

The post Ethereum ETFs show positive flows after 9-day losing streak appeared first on CryptoSlate.

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