US-listed Ethereum exchange-traded funds (ETFs) continued their positive momentum on Aug. 27, adding $307.2 million in fresh inflows.
Fidelity’s FETH and Grayscale’s ETH contributed $20.52 million and $15.05 million, respectively, while Grayscale’s ETHE and VanEck’s VETH added smaller sums of $5.65 million and $3.35 million.
Meanwhile, this inflow marked the fifth consecutive trading day of gains for the nine products. Cumulatively, spot Ethereum ETFs have attracted roughly $1.83 billion in inflows over this five-day run, reflecting the significant institutional appetite for the asset.
“[Ethereum ETFs have attracted] $4 billion in August. Approaching $10 billion since the beginning of July.”
Still, Bitcoin ETFs hold a larger cumulative footprint, with $54.19 billion in net inflows since launch and $144.57 billion in assets under management.
These numbers can be attributed to the significant institutional interest that the funds had recorded in the past.
According to Kronos Research, financial advisors’ BTC ETF holdings signify that the top crypto is becoming more embedded in mainstream wealth management, which would support its liquidity and potentially lower its volatility over time.
