Yesterday, July 24th, the second day of trading for Ethereum ETFs saw mixed performance across different providers. According to data from Farside Investors, BlackRock's ETHA increased by $17.4 million, Fidelity's FETH increased by $74.5 million, and 21 Shares' CETH remained unchanged. VanEck's ETHV increased by $19.8 million, and Bitwise's ETHW increased by $29.6 million. Invesco's QETH and Franklin's EZET showed smaller gains of $2.5 million and $3.9 million, respectively.
In contrast, Grayscale's ETHE fell sharply to $326.9 million, while the mini-ETF (ETH) gained $45.9 million. Overall, the net change for the Ethereum ETF on the day was down $133.3 million.
The Ethereum ETF is currently experiencing negative net inflows of $25.7 million over two days.
Ethereum ETF – July 24, 2024
Ethereum ETF Flows ($M)ETHA (BlackRock)17.4FETH (Fidelity)74.5ETHW (Bitwise)29.6CETH (21 Shares)0.0ETHV (VanEck)19.8QETH (Invesco)2.5EZET (Franklin)3.9ETHE (Grayscale)-326.9ETH (Grayscale)45.9Total-133.3
In comparison, Bitcoin ETFs saw a more volatile session, with BlackRock’s IBIT reporting modest gains of $66 million and Fidelity’s FBTC reporting modest gains of $1.4 million. ARK’s ARKB and Invesco’s BTCO each posted smaller gains of $3.3 million.
However, WisdomTree's BTCW fell by $26.2 million, reflecting a broader downward trend. The Bitcoin ETF's overall change on July 24 was a modest gain of $44.5 million after breaking a streak of inflows the previous day and recording a net outflow of $78 million.
Bitcoin ETF – July 24, 2024
Bitcoin ETF Flows ($M)IBIT (Blackrock) 66.0FBTC (Fidelity) 1.4BITB (Bitwise) 0.0ARKB (ARK) 3.3BTCO (Invesco) 0.0EZBC (Franklin) 0.0BRRR (CoinShares) 0.0HODL (VanEck) 0.0BTCW (WisdomTree) -26.2GBTC (Grayscale) 0.0DEFI (HashDex) 0.0Total 44.5
