Learn more

Spot Ethereum exchange-traded funds in the United States have had their first week of positive net inflows since they launched on July 23. According to ETF tracker SoSoValue, the nine newly launched US spot Ether ETFs had a positive overall net inflow of $104.8 million for the week beginning Aug. 5. It added that $1.9 billion in total value was traded, bringing the total net assets to $7.3 billion as of Aug. 9. The inflow figure came amid a huge price dump for the underlying asset, Ether (ETH), which has declined 23% since the beginning of August. Six of the nine funds had overall positive net…

cuu