Ether ETFs Post Positive Net Flows for the First Time After Five Days of Steady Gains
After months of underwhelming performance, ether (ETH) exchange-traded funds (ETFs) are finally showing positive cumulative inflows, spurred by five consecutive days of net investments.
According to data from SoSoValue, U.S.-listed spot ether ETFs saw $136 million in new inflows on Tuesday, bringing the total inflows since Nov. 6 to $650 million. This streak has pushed cumulative net inflows into positive territory, now standing at $94.62 million—a milestone not seen since their launch in July.
The debut of ether ETFs had a promising start, with first-day trading on July 23 pulling in $106.8 million. However, excitement quickly waned, and the funds struggled to attract sustained interest, unlike the fervor seen earlier with bitcoin ETFs. Outflows from Grayscale’s Ethereum Trust (ETHE), which launched with over $8 billion in assets, compounded the sluggish performance.
Market analysts point to a lack of staking capabilities and Ethereum’s more modest price growth as key factors. While ether has risen by 55% over the past year, bitcoin and solana have posted gains of 141% and 305%, respectively, based on CoinDesk Indices data.
Despite these challenges, the recent uptick in inflows could mark a turning point for ether ETFs as investors begin to reevaluate their potential amid broader market optimism.
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