Ethereum ETF launch drives $2.2B inflows: CoinShares

CoinShares reports that Spot-based Ether ETFs debut with a significant $2.2B inflow, offset by Grayscale’s $285M net outflows.

The launch of spot-based Ether exchange-traded funds (ETFs) has marked one of the largest inflows to the asset since December 2022.

According to the latest CoinShares report, newly issued Ether (ETH) ETFs racked up a significant $2.2 billion in inflows alongside a 542% hike in ETH exchange-traded products (ETPs).

The new inflows milestone was tempered by $285 million in overall net outflows from incumbent funds from Grayscale’s $1.5 billion incumbent trust.

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CoinShares reports that Spot-based Ether ETFs debut with a significant $2.2B inflow, offset by Grayscale’s $285M net outflows.
The launch of spot-based Ether exchange-traded funds (ETFs) has marked one of the largest inflows to the asset since December 2022.According to the latest CoinShares report, newly issued Ether (ETH) ETFs racked up a significant $2.2 billion in inflows alongside a 542% hike in ETH exchange-traded products (ETPs).The new inflows milestone was tempered by $285 million in overall net outflows from incumbent funds from Grayscale’s $1.5 billion incumbent trust.Read more