Ethereum ETFs mark pivotal moment as Grayscale’s ETHE halts outflows

Quick Take

Data from Farside highlights inflows for the Bitcoin ETFs on Aug. 12, with $27.8 million flowing into various funds. Leading the charge was ARK’s ARKB, which saw a $35.4 million inflow, bringing its total inflows to an impressive $2.5 billion. BlackRock’s IBIT followed with a $13.4 million inflow, while Grayscale’s mini ETF BTC attracted $7.9 million. Bitwise’s BITB and Grayscale’s GBTC saw outflows of $17.1 million and $11.8 million, respectively. Overall, Bitcoin ETFs have now accumulated a staggering $17.4 billion in total inflows.

Bitcoin ETF Flow: (Source: Farside)

On the Ethereum side, ETFs saw a slight inflow of $5.0 million. A significant development in this space was that Grayscale’s ETHE registered no outflows for the first time, maintaining a stable balance. This marks a pivotal moment for ETHE, which had previously been experiencing consistent outflows. The total outflows from Ethereum ETFs now stand at $401.4 million, according to Farside data.

Ethereum ETF Flow: (Source: Farside)

The post Ethereum ETFs mark pivotal moment as Grayscale’s ETHE halts outflows appeared first on CryptoSlate.

Quick Take Data from Farside highlights inflows for the Bitcoin ETFs on Aug. 12, with $27.8 million flowing into various funds. Leading the charge was ARK’s ARKB, which saw a $35.4 million inflow, bringing its total inflows to an impressive $2.5 billion. BlackRock’s IBIT followed with a $13.4 million inflow, while Grayscale’s mini ETF BTC
The post Ethereum ETFs mark pivotal moment as Grayscale’s ETHE halts outflows appeared first on CryptoSlate.