Ether ETFs See Zero Flows for Second Time as Bitcoin ETFs Post Biggest Inflows in 6 Days

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Ether ETFs See Zero Flows for Second Time as Bitcoin ETFs Post Biggest Inflows in 6 Days

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Ether (ETH) exchange-traded funds (ETFs) in the U.S. saw zero flows on Monday for only the second time since their listing in July, according to data gathered by SoSoValue.
Bitcoin (BTC) ETFs, meanwhile, enjoyed their highest inflows since Sept. 27, adding a net $235.2 million. Fidelity’s product (FBTC) led the gains with $103.7 million while BlackRock’s fund (IBIT) garnered $97.9 million.
In contrast, the nine ether ETFs registered zero flows in either direction. The only other time this has occurred was Aug. 30.
The figures underline the differing fortunes of BTC and ETH products in the U.S. Bitcoin ETFs have seen inflows of nearly $18.75 billion since they listed in January, while their ether equivalents are $500 million in the red since becoming available in July.
Read More: Will Ether’s Supply Crunch Lead to Higher Prices in Q4?
Edited by Sheldon Reback.

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Jamie Crawley is a CoinDesk news reporter based in London.

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