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U.S. spot Ether ETFs log $9.0295 million net inflow on July 31

The products posted a second straight day of net inflows, with BlackRock’s Staked ETH ETF ETHB more than offsetting outflows from Fidelity, Bitwise and Grayscale Mini ETH.

ETH

Summary

U.S. spot Ether ETFs attracted a total net inflow of about $9 million on July 31, marking a second consecutive trading day of net inflows. BlackRock’s Staked ETH ETF ETHB led with an inflow of about $15.4 million, more than offsetting outflows from Fidelity’s FETH, Bitwise’s ETHW and Grayscale Mini ETH, according to Farside Investors. The figures suggest demand remained positive for the segment even as flows were mixed across individual products.

Terms & Concepts
  • spot Ether ETFs: Exchange-traded funds designed to track the spot price of Ether.
  • Staked ETH ETF: An Ether fund that incorporates staking, a process used to earn blockchain validation rewards.
  • net inflow: The amount of money entering a fund after deducting withdrawals.