Spot Ethereum ETFs in the U.S. have survived Bitcoin's recent struggles. Yesterday, Ethereum funds had a $5.8 million net inflow, their first positive day following nine days of withdrawals.
This rise coincides with Bitcoin spot ETF outflows.
According to SoSo Value, Bitcoin ETFs had a $105 million net outflow on Wednesday, with prominent players like Grayscale (GBTC) and ARK Invest's (ARKB) funds leading the exodus.
BlackRock's (ETHA) Ethereum ETF garnered $8.4 million, followed by Fidelity's (FETH) with $1.3 million. Grayscale's ETHE faced issues, with a $3.8 million outflow, despite optimistic news.