Ether ETFs in the Black for the First Time After 5 Days of Inflows

As a seasoned researcher with a keen eye for trends and market dynamics, I must say that the recent positive cumulative flows of Ether ETFs is indeed a noteworthy development. Having closely followed the crypto space since its inception, I can tell you that this is a significant milestone, especially considering the initial lukewarm reception these funds received back in July.

For the first time since they were introduced in July, Ether (ETH) Exchange-Traded Funds (ETFs) have seen a steady stream of positive accumulated investments, following five consecutive days where more money was poured in than taken out.

Yesterday, ETFs focused on the nine-spot ether, which are listed in the U.S., saw approximately $136 million being invested, bringing the grand total inflow since November 6 to roughly $650 million, as per data monitored by SoSoValue.

As a crypto investor, I’m thrilled to share that our collective investments have turned profitable, amounting to approximately $94.62 million in total. Interestingly, the last time we saw such positive cumulative inflow was on July 23, when an impressive $106.8 million was invested on the first day of trading.

Following that, Ether Exchange-Traded Funds did not receive the same level of enthusiasm as their bitcoin counterparts had earlier in January. Specifically, Grayscale’s Ethereum Trust (ETHE), boasting over $8 billion in assets at the time of its listing, started seeing withdrawals that were not compensated by inflows into other funds.

Different reasons have been proposed for the mild response towards ether ETFs entering the market, including the absence of staking opportunities and the less dynamic price movement of ETH compared to other cryptocurrencies during the robust crypto market surge. In the past year, Ether has increased by approximately 55%, while Bitcoin and Solana have climbed around 141% and 305%, respectively, as per CoinDesk Indices data.