ETF investors continue to buy despite falling Ethereum price. Ethereum funds experienced their second-best trading day yesterday. Are they really going to break through now?

While Ether (ETH) experienced a huge price drop and was temporarily down more than 20% on Monday, Ethereum-ETF-investors are not discouraged. According to the latest information from Farside Investors the nine U.S. Ethereum Spot ETFs were able to record total net inflows of $48.8 million yesterday. This is the second-best daily result since the trading start on July 23.

Meanwhile, the second-largest cryptocurrency is trading at $2,460, representing a 7.7% price increase from the previous day. Yet the ETH price is still 26.4% lower than a week ago.

Only the Grayscale Ethereum Trust (ETHE) experienced net outflows, this time amounting to $46.8 million. So within just ten trading days, the pioneering product has already lost more than $2.16 billion.

The high cost of 2.5% charged by Grayscale for the ETHE seems to be the main reason for this.

In contrast, BlackRock's iShares Ethereum Trust (ETHA) posted significant growth. Thanks to new net inflows of $47.1 million, the third-largest ETH index fund holds according to Coinglass now ETH worth $522 million.

The second-largest Ethereum ETF is currently the Grayscale Mini Trust, which charges just 0.15% annual fees. It manages Ether worth more than $850 million and could welcome net inflows of $7.6 million yesterday.

As was the case with Bitcoin ETFs, the new ETH index funds could have a big effect on the Ether price in the medium to long term.