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CryptoIntelligence 2024-08-01 13:17:53

Ethereum ETFs See First Net Inflows Since Launch, Led by BlackRock’s iShares Fund

Fund flows into United States-listed spot Ethereum exchange-traded funds (ETFs) have shifted to a daily net positive for the first time since their launch day, primarily due to a reduction in outflows from the Grayscale Ethereum Trust. On July 30, net inflows across all nine spot Ether ETFs totaled $33.6 million, according to preliminary data from Farside Investors and decentralized aggregator Tree News. Although the figure isn’t exceptionally high, it marks the first time these funds have seen inflows since their launch. Since July 24, about $547 million has exited the spot Ether investment products. On July 30, BlackRock’s iShares

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