Ether ETFs in the Black for the First Time After 5 Days of Inflows
Summary
Ether (ETH) exchange-traded funds (ETFs) have experienced positive cumulative flows for the first time since their launch in July, following five consecutive days of net inflows. The nine spot ether ETFs listed in the U.S. saw inflows of nearly $136 million on a recent Tuesday, bringing the total since November 6 to approximately $650 million. The cumulative inflows now stand at $94.62 million. Initially, ether ETFs did not match the response seen by bitcoin ETFs, partly due to factors like the absence of staking provisions and subdued ETH price movements. Over the past year, ETH has risen about 55%, lagging behind BTC and SOL.
