Ether exchange-traded funds (ETFs) are now seeing positive cumulative flows for the first time since their July launch, marked by five consecutive days of net inflows.
Following a challenging start, the nine spot ether ETFs have collected approximately $650 million in total inflows since November 6, indicating regained market confidence.
Despite the recent positive momentum, ether ETFs faced initial skepticism due to suboptimal staking options and tepid price performance in comparison to Bitcoin and Solana amidst the crypto rally.
The last time ether ETFs saw positive cumulative inflows was on July 23, when they attracted $106.8 million on their first trading day, highlighting their fluctuating market reception.
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