Ethereum ETF net flows turn negative since launch as Bitcoin regains inflows
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 |
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