The Ethereum market within the United States shows varied activity among different ETFs for the week spanning August 19 to August 23, 2024. Grayscale’s ETHE ETF saw a notable weekly net outflow of 61,901 ETH, despite holding a massive 1,830,266 ETH, signaling possible profit-taking or portfolio adjustments.

Conversely, BlackRock’s ETHA significantly gained, with an inflow of 14,239 ETH, bringing its holdings up to 332,723 ETH, indicating strong investor interest. Fidelity’s FETH also performed well with an inflow of 11,250 ETH.

Other funds like Bitwise’s ETHW and Invesco’s QETH saw modest gains of 2,152 ETH and 170 ETH, respectively. However, VanEck’s ETHV experienced a considerable outflow of 1,831 ETH, suggesting a shift in investor sentiment for this ETF.

Overall, the total Ethereum holdings across these ETFs reached 2,792,682 ETH, with a net weekly outflow of 32,054 ETH, amounting to a financial decrease of approximately $88.7 million, based on current market values. This weekly snapshot provides a crucial glimpse into the investment dynamics and sentiment within the Ethereum ETF sector.

Disclaimer: Market capitalizations and data can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

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