Ethereum ETF net flows turn negative since launch as Bitcoin regains inflows
Ethereum ETF net change decreases by $133.3 million in a day of mixed performance
1 min read
Updated: Jul. 25, 2024 at 9:04 am UTC
Yesterday, July 24, the Ethereum ETFs‘ second trading day saw mixed performance across various providers. Data from Farside Investors shows that BlackRock's ETHA increased by $17.4 million, Fidelity's FETH rose by $74.5 million, and 21 Shares' CETH remained unchanged. VanEck's ETHV experienced a $19.8 million increase, while Bitwise's ETHW grew by $29.6 million. Invesco's QETH and Franklin's EZET showed modest gains of $2.5 million and $3.9 million, respectively.
Conversely, Grayscale's ETHE dropped significantly by $326.9 million, while its Mini ETF (ETH) increased by $45.9 million. Overall, this day's total net change in Ethereum ETFs decreased by $133.3 million.
Ethereum ETFs currently have a negative net inflow of $25.7 million across the two days.
Ethereum ETFs – July 24, 2024
| Ethereum ETFs | Flow ($M) |
|---|---|
| ETHA (BlackRock) | 17.4 |
| FETH (Fidelity) | 74.5 |
| ETHW (Bitwise) | 29.6 |
| CETH (21 Shares) | 0.0 |
| ETHV (VanEck) | 19.8 |
| QETH (Invesco) | 2.5 |
| EZET (Franklin) | 3.9 |
| ETHE (Grayscale) | -326.9 |
| ETH (Grayscale) | 45.9 |
| Total | -133.3 |
In comparison, Bitcoin ETFs exhibited a more volatile session. BlackRock's IBIT reported a minor increase of $66 million, while Fidelity's FBTC gained a slight $1.4 million. ARK's ARKB and Invesco's BTCO noted more minor upticks of $3.3 million each.
However, WisdomTree's BTCW fell by $26.2 million, reflecting a broader downward trend. The overall change in Bitcoin ETFs on July 24 was a modest increase of $44.5 million after breaking their streak of inflows the day before, where they saw a net outflow of $78 million.
Bitcoin ETFs – July 24, 2024
| Bitcoin ETFs | Flow ($M) |
|---|---|
| IBIT (BlackRock) | 66.0 |
| FBTC (Fidelity) | 1.4 |
| BITB (Bitwise) | 0.0 |
| ARKB (ARK) | 3.3 |
| BTCO (Invesco) | 0.0 |
| EZBC (Franklin) | 0.0 |
| BRRR (CoinShares) | 0.0 |
| HODL (VanEck) | 0.0 |
| BTCW (WisdomTree) | -26.2 |
| GBTC (Grayscale) | 0.0 |
| DEFI (Hashdex) | 0.0 |
| Total | 44.5 |
Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
Ethereum
$2,975.68
Ethereum is an open source smart contract platform and decentralized network that underpins a large share of the global crypto economy.
