Ethereum ETFs attract $1.42B over 10 days as Bitcoin outflows end its 9-day streak
Ethereum ETFs saw net inflows totaling $1.42 billion over ten consecutive trading days from August 17 to 27, driven largely by BlackRock's ETHA product, which accounted for 72% of the inflows. This marks a strong institutional endorsement for Ethereum since spot ETFs launched in July 2024. Meanwhile, Bitcoin ETFs ended a nine-day inflow streak with a $202 million outflow on August 28. The inflow streak for Ethereum continued even as Bitcoin funds saw outflows, highlighting shifting investor momentum. Cumulative inflows into Ethereum ETFs have now surpassed $12 billion since their launch, while Bitcoin ETFs hold over $54 billion cumulatively. Lower Treasury yields and a favorable macro environment supported Ethereum's risk-on appeal during this period.
Ethereum ETFs saw net inflows totaling $1.42 billion over ten consecutive trading days from August 17 to 27, driven largely by BlackRock's ETHA product, which accounted for 72% of the inflows. This marks a strong institutional endorsement for Ethereum since spot ETFs launched in July 2024. Meanwhile, Bitcoin ETFs ended a nine-day inflow streak with a $202 million outflow on August 28. The inflow streak for Ethereum continued even as Bitcoin funds saw outflows, highlighting shifting investor momentum. Cumulative inflows into Ethereum ETFs have now surpassed $12 billion since their launch, while Bitcoin ETFs hold over $54 billion cumulatively. Lower Treasury yields and a favorable macro environment supported Ethereum's risk-on appeal during this period.
What's Your Reaction?
