Ethereum ETFs See Tenth Consecutive Day of Net Inflows

U.S. spot Ethereum exchange-traded funds (ETFs) recorded their tenth consecutive day of net inflows on August 28, adding $102.1 million to their cumulative total.

The streak began after the U.S. Securities and Exchange Commission approved spot ether ETFs earlier this year, paving the way for traditional financial institutions to invest in Ethereum through regulated vehicles.

BlackRock's iShares Ethereum Trust (ETHA) was the primary driver of the inflows, attracting $83.8 million, while its staking-enabled Ethereum ETF (ETHB) contributed another $42.6 million.

Fidelity's Ethereum Fund (FETH), on the other hand, experienced net outflows of $24.3 million, indicating a rotation among providers rather than a uniform market trend.