The nine U.S. spot Ethereum exchange-traded funds collectively saw net inflows of $33.7 million yesterday, following four straight days of negative flows.

Despite continued outflows from Grayscale’s ETF, overall Ethereum (ETH) ETF flows had a positive day yesterday, July 30. According to data from Farside Investors, Grayscale’s ETHE was the sole spot ether ETF to experience net outflows yesterday, July 30, amounting to $120.3 million. The ETF, which has experienced outflows every day since its launch on July 23, has seen a total of $1.8 billion in outflows since its debut.

Yesterday’s outflows from ETHE were counterbalanced by significant inflows into other funds, led by Blackrock’s ETHA with $118 million. Fidelity’s FETH attracted $16.4 million, while Grayscale’s lower-fee Ethereum ETF, Ethereum Mini Trust, gained $12.4 million in net inflows.

Additional inflows were reported by Franklin’s EZET at $3.7 million and Bitwise’s ETHW at $3.5 million. The remaining three spot ether ETFs — 21Shares’s CETH, VanEck’s ETHV and Invesco Galaxy’s QETH — reported zero net flows on Tuesday.

Per data from SoSoValue, the total daily trading volume for these spot Ether ETFs was $563.22 million on July 30, a decline from $773.01 million on July 29 and $1.11 billion on launch day.

Bitcoin ETFs see $18.3m in outflows

Meanwhile, on July 30, the 11 spot Bitcoin (BTC) ETFs in the U.S. saw net outflows of $18.3 million, breaking a four-day streak of positive flows, according to data from Farside.

BlackRock’s IBIT was the only spot Bitcoin ETF to record net inflows, with $74.87 million entering the fund.

The Grayscale Bitcoin Trust (GBTC) continued its downward movements and experienced the largest net outflows among the competing products at $73.6 million. This was followed by Ark and 21Shares’ ARKB with $7.9 million in net outflows, VanEck HODL with $5.6 million, Bitwise BITB with $3.2 million and Fidelity FBTC with $2.9 million in net outflows.

The total daily trading volume for these spot Bitcoin ETFs was $1.37 billion on Tuesday, down from $2.68 billion on Monday and $4.66 billion on launch day, according to SoSoValue data.

The different momentum in the spot BTC and ETH ETFs comes as the global cryptocurrency market capitalization saw a 0.38% decline over the past 24 hours, standing at $2.39 trillion, according to data from CoinGecko.

The day marked a reversal for both U.S. Ethereum ETFs and Bitcoin ETFs. On Monday, July 29, spot Bitcoin ETFs recorded $124.1 million in net inflows, while spot Ether ETFs saw $98.3 million in net outflows, as previously reported by crypto.news.

In an X post on July 31, Split Capital founder and chief investment officer Zaheer Ebtikar remarked on the positive shift, noting it was “definitely some rotating capital,” as spot Bitcoin ETFs experienced $18.3 million in outflows on July 30.

Just two days earlier, on July 29, Steno Research senior analyst Mads Eberhardt predicted that the substantial outflows from Grayscale’s ETHE would likely taper off this week, a trend that seems to have already begun.

At the time of writing, the price of BTC had dropped by about 1% to $66,270. ETH, the largest altcoin in the crypto market, has also experienced a slight decline of about 0.5% over the past day, currently trading around $3,320.