The launch of new Ethereum exchange-traded funds (ETFs) encountered significant outflows, as almost $750 million exited the ETFs in four of five recorded trading days.
However, on July 30, Ether (ETH $3,321) ETF net inflows across all nine spot Ether ETFs totaled $33.6 million, marking the first positive daily flow since launch day.
According to Nansen data, this trend facing Ether ETFs is substantially different from the debut of the Bitcoin (BTC) ETFs, revealing a distinct regulatory difference.
Nansen told Cointelegraph that on July 30, Bitwise surpassed BlackRock in trading volume as Bitwise waived its 0.2% fee to “boost inflows” for the first six months of its ETF launch.
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