US Spot Ethereum ETFs Post Fourth Consecutive Day of Net Inflows

US spot Ethereum ETFs have been gaining traction in recent days, logging net inflows for a fourth consecutive trading day. On August 7, the funds recorded a combined total of $49.6 million in net inflows, bringing their cumulative total to $11.46 billion.

The majority of this influx came from BlackRock's ETHA and Fidelity's FETH, which posted net inflows of $38.15 million and $11.45 million respectively. Meanwhile, Grayscale's ETHE experienced significant outflows, with a cumulative total of $5.35 billion in net withdrawals.

BlackRock's ETHA remains the leader among US spot Ethereum ETFs by cumulative net inflows, holding a substantial $11.65 billion. Fidelity's FETH follows closely behind at $2.12 billion, while Grayscale's ETH ranks third with $1.8 billion in cumulative net inflows.