BlackRock Leads Second Straight Day of Inflows into U.S. Spot Ethereum ETFs

U.S.-based spot Ethereum exchange-traded funds (ETFs) recorded $60.8 million in net inflows on August 5, marking a second consecutive day of positive flows.

The data, compiled by Farside Investors, shows that BlackRock's ETHA led the way with $50.3 million in net inflows, followed by its staking product ETHB at $4.9 million and Fidelity's FETH at $2.9 million.

Bitwise's ETHW and 21Shares' TETH also saw modest inflows of $1.4 million and $1.3 million, respectively.

The consistent inflows suggest a potential shift in sentiment, but analysts caution that a longer trend is needed to confirm sustained demand.