Ethereum ETF Inflows Extend to 12 Days, But Pace Slows
U.S. spot Ethereum exchange-traded funds (ETFs) have seen net inflows for the 12th consecutive trading day, according to data from SoSoValue. On September 1, these ETFs recorded a net inflow of $10.95 million, marking a continuation of their streak.
The daily inflow amount has slowed compared to its peak in late August, when it exceeded $100 million. This decline suggests that the initial surge may be tapering off due to profit-taking or a wait-and-see approach ahead of potential Federal Reserve policy decisions and macroeconomic data releases.
BlackRock's ETHA led the inflows on September 1 with an addition of $11.2 million, followed by Fidelity's FETH with $4.81 million, and Morgan Stanley's MSSE with $2.34 million. Grayscale's ETHE, however, saw an outflow of $7.4 million.