After several consecutive days in the red, U.S.-listed exchange-traded funds (ETFs) tracking Ethereum have finally seen inflows.
On August 21, Ethereum ETFs recorded a total of $288 million in net inflows, ending a four-day losing streak, according to SoSoValue data. BlackRock’s ETHA dominated the inflows, capturing $233 million—far outpacing other funds. Fidelity’s FETH followed with a modest $29 million, while the remaining ETFs drew much smaller amounts, ranging between $6 million and $7 million.
The inflows come despite Ethereum’s ongoing price decline, signaling a gradual return of institutional investor interest. At the time of writing, ETH trades just above $4,238, down 0.72% over the past 24 hours. The second-largest cryptocurrency has been trending lower for weeks after a failed rally above $4,700. This week alone, ETH has dropped roughly 8%, although it remains up 15% for the month.
The prolonged price weakness was a major factor behind the ETFs’ recent struggles, during which they collectively lost nearly $926 million.
Ethereum ETFs surpass Bitcoin ETFs in performance
While Ethereum-focused ETFs have begun to stabilize, Bitcoin ETFs continue to face selling pressure. Investors have been withdrawing funds from BTC-tracking ETFs throughout the week amid profit-taking and weakening demand.
In the latest trading session, Bitcoin ETFs saw $194 million in outflows, marking their fifth consecutive day of losses and bringing total outflows to nearly $1.2 billion. The withdrawals were concentrated among five of the 12 U.S.-listed issuers—BlackRock, Fidelity, Grayscale, Ark 21Shares, and Franklin Templeton—while the remaining seven saw little to no activity.
Bitcoin has mirrored Ethereum’s downward trend this week. At the time of writing, BTC trades at $113,216, down 5% over the past week and about 8.8% below this month’s high of $124,128.
