Ethereum ETFs mark pivotal moment as Grayscale’s ETHE halts outflows
Data from Farside highlights inflows for the Bitcoin ETFs on Aug. 12, with $27.8 million flowing into various funds. Leading the charge was ARK’s ARKB, which saw a $35.4 million inflow, bringing its total inflows to an impressive $2.5 billion. BlackRock’s IBIT followed with a $13.4 million inflow, while Grayscale’s mini ETF BTC attracted $7.9 million. Bitwise’s BITB and Grayscale’s GBTC saw outflows of $17.1 million and $11.8 million, respectively. Overall, Bitcoin ETFs have now accumulated a staggering $17.4 billion in total inflows.
Bitcoin ETF Flow: (Source: Farside)
On the Ethereum side, ETFs saw a slight inflow of $5.0 million. A significant development in this space was that Grayscale’s ETHE registered no outflows for the first time, maintaining a stable balance. This marks a pivotal moment for ETHE, which had previously been experiencing consistent outflows. The total outflows from Ethereum ETFs now stand at $401.4 million, according to Farside data.
Ethereum ETF Flow: (Source: Farside)
The post Ethereum ETFs mark pivotal moment as Grayscale’s ETHE halts outflows appeared first on CryptoSlate.