On July 31, Ethereum’s ETF results showed that the crypto market was very unstable, as spot ETFs saw a large outflow of $77.2 million. The most money came into Grayscale’s “ETH” (with $19.8 million), then Fidelity’s “FETH” ($18.8 million), and finally BlackRock’s “ETHA” ($5 million).
Smaller amounts of money also came into other funds, such as 21Shares, VanEck, and Bitwise. Invesco’s “QETH” and Franklin’s “EZET” had neutral flows, but Grayscale’s “ETHE” lost a huge $133.3 million, which had a big effect on the total performance of the ETFs.
Spot Bitcoin ETFs only got $299,00 in new money. With $20.99 million and $18 million in new money coming in, BlackRock’s IBIT and Grayscale Bitcoin Mini Trust were the best producers. $31.57 million left Fidelity’s FBTC.
Other Bitcoin ETFs, such as Ark, 21Shares’ ARKB, and Bitwise’s BITB, also saw money leave them. Ethereum hasn’t done well in the cryptocurrency market. Its price is going down compared to Bitcoin, and its network’s total value locked (TVL) has stayed the same at ETH 17.8 million.
