Ethereum ETFs in the US End Week with $460 Million Performance as ETH Price Exceeds $4,200

US Ethereum ETF Sees Positive Shift After Rough Start

The Ethereum ETF in the US has had quite a rollercoaster of a week. It started off poorly, with significant withdrawals from Cryptolink products, which only added to a shaky beginning for August.

Yet, things began to turn around for the US Ethereum ETF, which quickly transformed its assets and attracted fresh investments. This shift in investor attitude might be tied to a recent executive order from President Donald Trump, permitting cryptocurrency investments in retirement (401(k)) plans.

Four-Day Influx Marks a Change for Ethereum ETFs

The latest market updates indicate that the US Ethereum ETF market saw a net inflow of $22.234 billion on Friday, August 8. This resurgence suggests a revival of optimism among US ETF investors.

According to SOSOVALUE data, BlackRock’s Ishares Ethereum Trust (ticker Etha) experienced the largest influx, gaining $254.73 million that day. This boost strengthens its position as the leading Ethereum ETF, now valued at $123.5 billion.

The Fidelity Ethereum Fund (Feth) and Grayscale Ethereum Mini Trust (ETH) followed closely behind, with inflows of $132.36 million and $38.25 million, respectively, on Friday. The Grayscale Eth Trust (ETHE) also contributed with a notable inflow of $26.84 million to close the week with significant gains.

Other Ethereum ETFs like Bitwise’s Exchange-Traded Fund (ETHW) and Invesco’s ETH Fund (QETH) also recorded positive inflows, at $7.83 million and $1.22 million, respectively, on the same day. Conversely, several others didn’t show much activity. Overall, this $222 million performance represented a solid four-day run of net inflows for exchange-traded funds.

Source: SoSoValue

Despite a significant withdrawal of $465 million at the start of the week on August 4, the four-day influx managed to bring the weekly total to positive territory, with the ETH Exchange-Traded fund recording a net inflow of $326.83 million for the week.

Ethereum Price Surpasses $4,200

There seems to be a strong link between the performance of Spot Crypto ETFs and the price of Ethereum, as it recently climbed back above the $4,000 mark. Following this price movement, the Ethereum ETF also saw renewed capital inflows, possibly fueled by Trump’s executive order regarding retirement investments.