CandleFocus Ether ETFs in the Black for the First Time After 5 Days of Inflows
2024-11-13
Author: Content Editor
Ether ETFs have seen positive cumulative flows for the first time since their introduction in July. Over the course of five consecutive days, the nine spot ether ETFs in the US recorded nearly $136 million in inflows on Tuesday. This brings the total since November 6 to approximately $650 million, with cumulative inflows reaching $94.62 million. Despite not enjoying the same response as bitcoin ETFs did back in January, various explanations have been provided for the lukewarm reaction to ether ETFs, including the lack of provision for staking and the relatively muted price action of ether compared to other cryptocurrencies.
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