u.today
Analytics account @lookonchain on the X social media network has published fresh data, delivering an update on spot Bitcoin and Ethereum ETFs for Friday, August 23.
According to the figures revealed by the above-mentioned data source, Fidelity outpaced BlackRock in terms of Ethereum inflows on that day.
BlackRock loses leadership to Fidelity
Lookonchain reported that on Friday, the netflow into nine spot Ethereum ETFs was negative as it constituted -4,972 $ETH. That was the fault of Grayscale, whose Ethereum Trust faced massive outflows of 11,885 $ETH worth $31.61 million. Currently this ETF fund contains a massive Ethereum chunk of 1,830,266 $ETH valued at almost $5 billion. Overall, in the last week, Grascale has lost 61,901 $ETH.
As for inflows, it was Fidelity Ethereum Fund that scored the largest one – it saw an influx of 5,500 $ETH and increased its stash by 11,250 $ETH during the past week.
Aug 23 Update:
— Lookonchain (@lookonchain) August 23, 2024
10 #Bitcoin ETFs
NetFlow: +992 $BTC(+$60.84M)🟢#iShares inflows 1,252 $BTC($76.8M) and currently holds 352,843 $BTC($21.65B).
9 #Ethereum ETFs
NetFlow: -4,972 $ETH(-$13.23M)🔴#Grayscale(ETHE) outflows 11,885 $ETH($31.61M) and currently holds 1,830,266… pic.twitter.com/LZ5U9fDdLu
BlackRock’s iShares Ethereum Trust saw zero inflows this time, and so did the other Ethereum ETFs, except for Grayscale Ethereum Mini Trust (plus 1,602 $ETH) and Invesco Galaxy Ethereum ETF (minus 189 $ETH).
Still, BlackRock’s iShares has witnessed the largest Ethereum inflows over the past week as 14,240 $ETH landed in its cold storage vaults.
As for spot Bitcoin ETFs, iShares here beat the rest of the spot ETF cohort, sucking in 1,252 $BTC.