Spot Ethereum exchange-traded funds in the United States have had their first week of positive net inflows since they launched on July 23. 

According to ETF tracker SoSoValue, the nine newly launched US spot Ether ETFs had a positive overall net inflow of $104.8 million for the week beginning Aug. 5.

It added that $1.9 billion in total value was traded, bringing the total net assets to $7.3 billion as of Aug. 9.

The inflow figure came amid a huge price dump for the underlying asset, Ether ( ETH ), which has declined 23% since the beginning of August.

Six of the nine funds had overall positive net flows for the week, with BlackRock’s iShares Ethereum Trust (ETHA) leading the pack with $188.4 million.

The BlackRock fund has now amassed over $900 million in 13 days of trading and has yet to have an outflow day.

Its closest rival, the Fidelity Ethereum Fund (FETH), had $44.65 million in inflows last week, bringing its total to $342 million.

The other four ETFs with aggregate inflows last week were Grayscale’s Mini Ethereum Trust (ETH) with $19.8 million, the VanEck Ethereum ETF (ETHV) with $16.6 million, the Bitwise Ethereum ETF (ETHW) with $11.7 million, and the Franklin Ethereum ETF (EZET) with $3.7 million in inflows for the week.

Ether ETF weekly flow hits positive for the first time since launch image 0 Spot Ethereum ETF flows, Aug. 5-9. Source: SoSoValue

21Shares Core Ethereum ETF (CETH) and the Invesco Galaxy Ethereum ETF (QETH) had zero flows for the period.

The aggregate inflow for the nine combined would have been much higher if Grayscale’s Ethereum Trust (ETHE) hadn’t lost $180 million in outflows over the week.

The continued outflow of assets from Grayscale’s spot Ethereum ETF, currently totaling $2.3 billion, has resulted in an overall outflow of $406.4 million for all nine funds, according to Farside Investors.

Related: Expect Bitcoin ETF options to launch before 2025

Meanwhile, ETF issuers are angling to get options products launched for their spot ETH funds.

On Aug. 7, the NYSE American LLC proposed a rule change that would allow it to list and trade options contracts for three ETH ETFs from Grayscale and Bitwise.

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