![Ethereum [ETH] ETF inflows recover: What’s driving the surge?](https://coininsights.com/wp-content/uploads/2024/08/Vikas-Singh.webp)
- Grayscale’s ETHE struggled with outflows while BlackRock’s ETHA saw strong inflows.
- ETH’s price trended upward, nearing $3K despite bearish RSI indicators.
After facing a prolonged period of outflows, Ethereum [ETH] Exchange-Traded Funds (ETFs) have shown signs of recovery, with net inflows of $5 million on the 12th of August and an impressive $24.3 million on the 13th of August.
ETH ETF update
Interestingly, Grayscale’s ETHE, a leading Ethereum ETF, briefly interrupted its 19-day outflow streak on the 12th of August, offering a glimmer of hope for a reversal as per Farside Investors.
However, the optimism was short-lived, as ETHE resumed its outflow trend the following day, with a significant $31 million outflow on the 13th of August
Conversely, BlackRock’s ETHA has consistently attracted inflows since its launch, signaling strong investor confidence.
As of the 13th of August, ETHA recorded inflows of $49.1 million, bringing its total inflows to an impressive $950.2 million.
In stark contrast, Grayscale’s ETHE has been grappling with challenges, accumulating total outflows of $2.327 billion, underscoring the divergent performance between these two prominent Ethereum ETFs.
Community weighs in on ETH ETF
Highlighting the overall enhanced performance of ETH ETFs and drawing a comparison to the earlier experience with Bitcoin [BTC] ETFs, Co-BLIVer @nftfnofficial Vikas Singh observed,
Source: Vikas Singh/X
However, X (formerly Twitter) user CryptoMutant believes,
“ETH is taking over BTC.”
How is ETH performing?
Amid this shift, Ethereum’s price also showed positive movement, approaching the $3,000 level.
According to the latest update from CoinMarketCap, ETH has risen by 2.70% over the past 24 hours, trading at $2,722.09.
While the RSI remained below the neutral level, signaling a bearish trend, the widening Bollinger Bands and the price moving within these bands suggest that bulls might soon outpace the bears.
Source: Trading View
Remarking on the same, an X user Crypto Maximalist noted,
“$3k #ETH is around the corner.”
However, Mr. Huber put it best when he articulated,
“Ethereum is the Mr.Beast of crypto!”
- Grayscale’s ETHE struggled with outflows while BlackRock’s ETHA saw strong inflows.
- ETH’s price trended upward, nearing $3K despite bearish RSI indicators.
After facing a prolonged period of outflows, Ethereum [ETH] Exchange-Traded Funds (ETFs) have shown signs of recovery, with net inflows of $5 million on the 12th of August and an impressive $24.3 million on the 13th of August.
ETH ETF update
Interestingly, Grayscale’s ETHE, a leading Ethereum ETF, briefly interrupted its 19-day outflow streak on the 12th of August, offering a glimmer of hope for a reversal as per Farside Investors.
However, the optimism was short-lived, as ETHE resumed its outflow trend the following day, with a significant $31 million outflow on the 13th of August
Conversely, BlackRock’s ETHA has consistently attracted inflows since its launch, signaling strong investor confidence.
As of the 13th of August, ETHA recorded inflows of $49.1 million, bringing its total inflows to an impressive $950.2 million.
In stark contrast, Grayscale’s ETHE has been grappling with challenges, accumulating total outflows of $2.327 billion, underscoring the divergent performance between these two prominent Ethereum ETFs.
Community weighs in on ETH ETF
Highlighting the overall enhanced performance of ETH ETFs and drawing a comparison to the earlier experience with Bitcoin [BTC] ETFs, Co-BLIVer @nftfnofficial Vikas Singh observed,
Source: Vikas Singh/X
However, X (formerly Twitter) user CryptoMutant believes,
“ETH is taking over BTC.”
How is ETH performing?
Amid this shift, Ethereum’s price also showed positive movement, approaching the $3,000 level.
According to the latest update from CoinMarketCap, ETH has risen by 2.70% over the past 24 hours, trading at $2,722.09.
While the RSI remained below the neutral level, signaling a bearish trend, the widening Bollinger Bands and the price moving within these bands suggest that bulls might soon outpace the bears.
Source: Trading View
Remarking on the same, an X user Crypto Maximalist noted,
“$3k #ETH is around the corner.”
However, Mr. Huber put it best when he articulated,
“Ethereum is the Mr.Beast of crypto!”
where buy clomid clomid only cycle can i order clomid prices can i buy clomiphene without prescription where to buy generic clomid tablets can i buy clomiphene can i order cheap clomiphene online
The depth in this ruined is exceptional.
order generic azithromycin – buy metronidazole cheap order flagyl 400mg generic
semaglutide 14mg sale – rybelsus 14 mg tablet buy generic cyproheptadine 4 mg
order motilium pills – cyclobenzaprine ca flexeril 15mg cheap
buy zithromax 250mg for sale – order bystolic generic bystolic 5mg sale
buy augmentin 625mg for sale – https://atbioinfo.com/ ampicillin online
order nexium for sale – anexa mate order nexium 20mg sale
order medex sale – https://coumamide.com/ cozaar 25mg canada
order mobic 7.5mg without prescription – https://moboxsin.com/ meloxicam 15mg pills
order prednisone 5mg online cheap – corticosteroid deltasone order
buy ed pills generic – fast ed to take site cheap erectile dysfunction pills online
fluconazole 200mg for sale – https://gpdifluca.com/ buy forcan for sale
cenforce pills – https://cenforcers.com/# cenforce over the counter
cialis free samples – https://ciltadgn.com/ tadalafil citrate powder
buy ranitidine – https://aranitidine.com/ order ranitidine 150mg online
cialis over the counter at walmart – https://strongtadafl.com/# canadian pharmacy ezzz cialis
Thanks on putting this up. It’s evidently done. on this site
can buy viagra dublin – want buy cheap viagra order viagra cialis canada
More posts like this would persuade the online space more useful. https://buyfastonl.com/furosemide.html
I am in truth thrilled to glance at this blog posts which consists of tons of worthwhile facts, thanks for providing such data. https://ursxdol.com/sildenafil-50-mg-in/
The thoroughness in this section is noteworthy. prohnrg
More posts like this would create the online elbow-room more useful. fildena xxx 100mg