Inflows into ETH ETFs after 9 days

While Bitcoin ETFs celebrate successes, Ethereum ETFs lag behind. ETH exchange traded products lack capital.

At the Ethereum Spot-ETFs there were net inflows again on Aug. 28, after nine days. Since Aug. 15, about $115 million has flowed out of ETH stock market products, such as details of Farside show.

Responsible for the recent inflows are Fidelity's BlackRocks ETHA and FETH. All other Ethereum ETFs were left empty-handed.

Money continues to flow out of Grayscales ETHE in multimillion-dollar amounts. Recently, the amount involved was $3.8 million.

Since the start of trading, ETHE has shown continuous outflows. The total amount involved is $2.55 billion. This brings the total amount of outflows to $475 million.

Bitcoin exchange products also saw outflows over the past two days; about $232 million had to be surrendered by Fidelity, Bitwise, Ark Invest, VanEck and Grayscale.

Overall, however, Exchange Traded Products representing BTC significantly outperform Ethereum ETFs. With nearly $18 billion in net inflows, BlackRock and Co.'s ETFs are among the most successful exchange traded products ever.

The crypto market has also seen more frequent outflows in recent weeks. At the time of writing, Bitcoin stands at $60,300, Ethereum at $2,580. The cryptocurrencies lost one and three percent, respectively, compared to last week.