Ethereum ETFs 20-day inflow streak ends with $152M outflow
Spot Ethereum exchange-traded funds (ETFs) available in the US saw $152.3 million in outflows on Aug. 1, ending their longest streak of inflows.
According to Farside Investors’ data, the outflow amount was the largest since Jan. 8. It ended the 20-day streak of positive netflows for Ethereum ETFs, which have accumulated nearly $5.4 billion during the period.
The ended streak is not only the largest in duration, but also in total amount of inflows and average daily flow, which was approximately $270 million.
The previous record in duration was 19 days straight, which ended on June 13 and resulted in roughly $1.4 billion captured, with an average of $73 million per day.
However, it was largely eclipsed by the 18-day record that ended on December 19 and inched close to $2.5 billion, resulting in nearly $139 million per day on average.
James Butterfill, head of research at CoinShares, pointed out macroeconomic events as the likely causes for August 1 outflows. He noted last week’s statements by the Federal Open Market Committee (FOMC) and the strong economic data.
ETHA levels up
Until June 30, Ethereum ETFs registered around $4.3 billion in inflows. By adding close to $5.4 billion in positive net flows last month, Ethereum ETFs increased their flows by 126%.
BlackRock’s ETHA was the main reason behind the growth of Ethereum ETFs. As reported by Bloomberg senior ETF analyst Eric Balchunas, ETHA was the third-largest ETF by inflows in July, registering close to $4.2 billion and representing 78% of the total.
BlackRock’s Bitcoin ETF, IBIT, and Vanguard S&P 500 ETF (VOO) were the two funds besting ETHA.
Usually, Balchunas calls the high flows into VOO and IBIT as “beta with a side of Bitcoin.” Yet, he highlighted on August 4:
“Top 3 ETFs (out of 4,432) in one month flows: $VOO, $IBIT, $ETHA. I used to say ‘Beta with a side of Bitcoin’ to describe this (which was most of 2024 leaderboard) but need a new phrase, ideally an aliteration, to incl Ether. If you think of anything i’m all ears.”
As of August 1, ETHA shows over $9.7 billion in cumulative flows.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bloomberg: As the crypto market crashes, the Trump family's and their supporters' wealth is shrinking significantly
The Trump family's wealth has shrunk by 1.1 billions US dollars, with ordinary investors becoming the biggest losers.

Why are most treasury DATs trading at a discount?
Is the DAT model truly a bridge connecting TradFi, or is it a "death spiral" for the crypto market?

Powell’s allies make a major statement: Is a December rate cut “reversal” now highly likely?
Economists point out that three of the most influential officials have formed a strong coalition in support of interest rate cuts, which will be difficult to challenge.

How We Build: Boundless Product Engineering and the Post-TGE Era
Now, thanks to the team's efforts, Boundless has become the first truly decentralized and permissionless protocol capable of handling any general-purpose ZKVM proof request.

