Ether ETFs See First Positive Cumulative Inflows After a Five-Day Streak of Investor Interest
For the first time since their launch in July, ether (ETH) exchange-traded funds (ETFs) are in the green for cumulative net inflows, buoyed by five consecutive days of steady investments.
As of Tuesday, the nine U.S.-listed spot ether ETFs collectively added nearly $136 million in fresh inflows, bringing the total since Nov. 6 to approximately $650 million, according to data from SoSoValue. These sustained inflows have pushed the cumulative net position to a positive $94.62 million, marking a turnaround from months of tepid investor enthusiasm.
The only previous instance of positive cumulative inflows was on July 23, the funds’ first trading day, when they brought in $106.8 million. However, ether ETFs failed to replicate the massive excitement seen with the rollout of bitcoin ETFs earlier in the year. Grayscale’s Ethereum Trust (ETHE), despite having over $8 billion in assets at the time, saw a wave of outflows that other funds couldn’t offset.
Some analysts attribute the slow uptake to the lack of staking benefits in the ETFs and Ethereum’s comparatively modest price performance. Over the past year, ether has gained 55%, lagging significantly behind bitcoin’s 141% increase and solana’s 305% rally, as per CoinDesk Indices data.
The recent shift in flows suggests improving sentiment toward ether ETFs, signaling that they may finally be carving out a place in portfolios as Ethereum’s underlying fundamentals gain investor confidence.
Read More: [How Ether ETFs Are Finally Catching Up to Bitcoin’s Head Start]
