Fund flows to United-States listed spot Ethereum exchange-traded funds have flipped to a daily net positive for the first time since its launch day, due mainly to a slowdown in bleeding from the Grayscale Ethereum Trust.

Net inflows across all nine spot Ether ETFs came in at $33.6 million on July 30, according to preliminary data from Farside Investors and decentralized aggregator Tree News.

While the figure itself isn’t that impressive, it's the first time the funds have registered an inflow outside of its launch day. Around $547 million have left the spot Ether investment products since July 24.

BlackRock’s iShares Ethereum ETF (ETHA) made up for the largest inflows on July 30, at $117.9 million.

Fidelity’s Advantage Ether ETF (FETH) earned $16.4 million, while Bitwise Ethereum Fund (ETHW) and Franklin Ethereum ETF (EZET) earned $3.5 million and $3.7 million, respectively.

Grayscale’s ETHE, meanwhile, saw its smallest day for outflows at just $120.3 million, just a quarter of its outflows on launch day. Others registered zero inflows and outflows.

Ethereum advocate Anthony Sassano commented on the positive flip, calling it Larry Fink’s birthday present to Ethereum.

Spot Ethereum ETFs flip positive after $34M inflow on July 30 image 0 Source: Anthony Sassano

Split Capital founder and chief investment officer Zaheer Ebtikar commented that it was “Definitely some rotating capital,” as spot Bitcoin ETFs outflowed $18.3 million on July 30.

Related: Ethereum ETF launch drives $2.2B inflows — CoinShares

Just a day earlier on July 29, Steno Research senior analyst Mads Eberhardt said it was likely that the massive outflows from Grayscale’s ETHE would subside this week and that appears to have occurred already. 

In a post on X on July 31, ETF Store President Nate Geraci commented that in just one week of trading, BlackRock’s iShares Ethereum ETF is “already in the top 15 inflows of *all* ETFs launched this year,” and in the top 15 out of approximately 330 new ETFs.

Since its launch on July 23, the BlackRock ETHA fund has had $618 million in inflows making it the industry leader for Ethereum ETFs in addition to Bitcoin ETFs.

On July 29, BlackRock’s ETF and investments chief, Samara Cohen, said that Ethereum ETFs will become part of model portfolios offered by large wirehouses by the end of the year.

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