Ethereum ETFs Get Positive August Start Despite Grayscale's $2B in Outflows
In what is certainly an interesting development, Spot Ethereum ETFs have started August on a positive note, fending off Grayscale’s combined $1 billion worth of outflows. Indeed, the ETh investment offerings posted a net inflow of $26.7 million. That was led by $10 trillion asset manager BlackRock’s ETH offering. The product has not yet had the impact of Bitcoin’s ETF, that began trading in January. Many have looked to Grayscale’s outflow concerns as a major issue for the newly approved ETH ETFs. Yet, some experts believe that issue will begin curtailing in the coming weeks. Source: CNBC Also Read: Ethereum ETF: $26.7 Million Inflow in Crypto Investments BlackRock Leads Ethereum ETF Inflows in Positive Turn The crypto market has seen ETFs dominate discussion this year. Its two top assets have both received the investment vehicle this year, but to differing results. With ETH entering its second week, things are starting to look up. This is despite some worry deriv...