Which issuers led ETH inflows?

TLDR

BlackRock led ETH ETF inflows last week, with Fidelity next, while Grayscale saw net outflows.

1. BlackRock (ETHA) posted about $139 million net inflow for 812 Dec (UTC), per SoSoValue data summarized in a weekly update.
2. Fidelity (FETH) added roughly $35 million over the same period, according to the weekly update above.
3. Grayscales ETHE drove outflows, with a weekly net decline of about $34 million, per the same report above.

Deep Dive

1. Weekly Leaders

Across the week of 812 Dec (UTC), Ethereum spot ETFs saw a net inflow near $209 million, led by BlackRocks ETHA at about $139 million, with Fidelitys FETH around $35 million. These figures are from SoSoValue, as cited in a concise weekly update.

2. Flow Mix And Volatility

Daily prints were mixed even as weekly leaders were clear. For example, on 12 Dec, BlackRock saw inflows while Grayscale redemptions and a small Fidelity outflow pulled the day to a net outflow of about $19.41 million, per a market recap.

3. Grayscale Headwinds

Grayscales ETHE continued to see net redemptions last week (about $34 million), offsetting some peer inflows, according to the weekly update.

Conclusion

BlackRock and Fidelity led ETH ETF inflows last week, with Grayscale redemptions dampening the aggregate. If leadership flows persist while redemptions fade, net ETF demand could become a stronger tailwind for ETH.