30s Summary

Ether exchange-traded funds (ETFs) have seen net inflows for five consecutive days, marking the first time they’ve had positive cumulative flows. Since their launch in July, inflows have reached $94.62 million. The nine US-listed Ether ETFs account for roughly $136 million of these inflows. Despite these positives, Ether ETFs didn’t generate as much interest as Bitcoin ETFs did. The subdued response could be attributed to the absence of staking provisions and Ether’s relatively calm price action compared to other cryptocurrencies.

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Ether exchange-traded funds (ETFs) have recorded net inflows for five days in a row. This has led to their positive cumulative flows for the first time. The current value of these inflows is $94.62 million, since their introduction in July.

The nine US- listed Ether ETFs recorded an influx of almost $136 million on Tuesday, bringing the total since November 6 to around $650 million. These figures were made according to data tracked by SoSoValue. There was a similar positive cumulative inflow on July 23 when $106.8 million was invested on the first day.

However, Ether ETFs didn’t receive the same response as their Bitcoin counterparts did in January. Grayscale’s Ethereum Trust (ETHE), which had over $8 billion in assets when listed, started experiencing outflows that other funds couldn’t cover.

There may be various reasons for the measured response to Ether ETFs hitting the market. One of these is the lack of provision for staking. Additionally, the ETH price action was relatively quiet compared to the broader crypto bull market. In the past year, Ether has risen about 55%. This is compared to BTC and SOL, which have shown gains of 141% and 305%, respectively.