Fund flows into U.S.-traded spot Ethereum exchange-traded funds reached a daily net positive level for the first time, thanks to slowing fund outflows from the Grayscale Ethereum Trust. This development shows that Ethereum ETFs have gained a more positive outlook in the market and investors’ confidence in these funds has increased.

There was a total of $33.6 million in net inflows into all nine spot Ether ETFs on July 30. This figure represents the first net inflow of Ethereum ETFs after launch day.

However, since July 24, there has been an outflow of approximately $547 million from spot Ether investment products. Therefore, this positive reversal on July 30 is considered an important signal for investors.

BlackRock’s iShares Ethereum ETF (ETHA) stood out, generating the largest inflows of $117.9 million on July 30.

Fidelity’s Advantage Ether ETF (FETH) posted gains of $16.4 million, while Bitwise Ethereum Fund (ETHW) and Franklin Ethereum ETF (EZET) posted gains of $3.5 million and $3.7 million, respectively. The positive flows generated by these funds indicate increased investor interest in Ethereum ETFs.

On the other hand, Grayscale’s ETHE fund had its lowest daily outflow of $120.3 million, which was only a quarter of its launch day outflows. Other ETFs recorded zero inflows and outflows. This indicates that the outflows of Grayscale’s ETHE fund have decreased and Ethereum investors’ confidence in this fund has increased.

Ethereum supporter Anthony Sassano described this positive turn as Larry Fink’s birthday gift to Ethereum. Zaheer Ebtikar, founder and chief investment officer of Split Capital, noted that this was “definitely some working capital,” as there was an outflow of $18.3 million from spot Bitcoin ETFs on July 30.

A day earlier, on July 29, Steno Research senior analyst Mads Eberhardt had stated that the large outflows from Grayscale’s ETHE fund were likely to taper off this week, and this prediction appears to have come true.

In a post on He stated that he was in the top 15.

This shows that BlackRock’s Ethereum ETF has been received strongly by investors and is attracting a lot of interest.

Since its launch on July 23, the BlackRock ETHA fund has generated $618 million in inflows, making it the industry leader for Bitcoin ETFs as well as Ethereum ETFs.

On July 29, BlackRock’s ETF and investment chief Samara Cohen announced that Ethereum ETFs will become part of major investment firms’ model portfolios by the end of the year. This development shows that Ethereum ETFs will strengthen their role in the market and increase investors’ interest in these funds.