CoinShares: Ether ETF Attracts $1.183 Billion Inflows in First Week

The newly-launched Ether ETF attracted $1.183 billion in inflows in its first week, James Butterfill, head of research at CoinShares, said on the X platform. However, massive outflows from existing Grayscale funds resulted in an overall net outflow of $338 million. Specific data showed that the ISHARES ETHEREUM TRUST ETF (ETHA) and Fidelity Ethereum Fund (FETH) saw inflows of $453 million and $224 million, respectively, while the Grayscale Ethereum Trust (ETHE) saw outflows of $1.513 billion.