
Spot Ethereum ETFs open with $10.4B, but most is converted Grayscale holdings
Initial $10.36B inflow reflects existing Grayscale assets migrating, not fresh buying.
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Initial $10.36B inflow reflects existing Grayscale assets migrating, not fresh buying.

Spot bitcoin ETFs took in $517 million and ether funds $189 million on Aug. 19, according to data cited by CoinDesk.
Ether ETFs have drawn nearly as much capital as Bitcoin funds over the past three weeks despite lower net assets.

Bitcoin reached its highest price in two weeks, supported by strong ETF inflows and a rebound in Asian semiconductor stocks.

Bitcoin recovers from recent pressure, with ETF inflows still a key market driver.

Rising exchange inflows and a 31% drop in futures open interest signal bearish sentiment for ETH.

Glassnode reports Bitcoin's recent rally from $60,000 appears defensive, with inflows and trading volumes still subdued.