On the social media platform X, the analytics account @lookonchain has released new data providing an update on spot Ethereum and Bitcoin ETFs for Friday, August 23.
As to the statistics disclosed by the aforementioned source, Fidelity surpassed BlackRock with respect to Ethereum inflows on that particular day.
BlackRock loses leadership to Fidelity
According to Lookonchain, there was a negative netflow of -4,972 ETH into nine spot Ethereum ETFs on Friday. Greyscale was to blame, as their Ethereum Trust had significant withdrawals of 11,885 ETH, or $31.61 million. At now, this ETF fund holds a substantial portion of 1,830,266 Ethereum, valued at about $5 billion. All told, Grascale has lost 61,901 ETH over the past week.
The biggest inflow was recorded by the Fidelity Ethereum Fund, which during the course of the previous week added 11,250 ETH to its holdings and received an import of 5,500 ETH.
https://x.com/lookonchain/status/1827005097597141149
This time, there were no inflows into any of the Ethereum ETFs, with the exception of the Invesco Galaxy Ethereum ETF (-189 ETH) and Greyscale Ethereum Mini Trust (plus 1,602 ETH). This was also the case with BlackRock’s iShares Ethereum Trust.
Though 14,240 ETH entered BlackRock’s cold storage vaults over the course of the last week, the iShares product has seen the most inflows of Ethereum.
With 1,252 BTC, iShares outperformed the rest of the spot ETF cohort in terms of Bitcoin ETFs.
