Spot Ethereum exchange-traded funds (ETFs) in the United States have started the week with notable inflows as the cryptocurrency market recovered from a recent dip.

According to data provided by Farside Investors, spot Ethereum ETFs saw $48.8 million in net inflows on Monday, Aug. 5. Most of these inflows, worth $47.1 million, came from BlackRock’s ETHA fund, helping the ETF’s total inflows surpass the $750 million mark. VanEck’s ETHV and Fidelity’s FETH funds also recorded significant inflows of $16.6 million and $16.2 million, respectively.

The Grayscale mini ETH ETFs and Bitwise’s ETHW witnessed $7.6 million and $7.2 million in inflows, according to Farside Investors’ data. Franklin Templeton’s EZET fund recorded roughly $900,000 worth of inflows as well.

On the other hand, Grayscale’s ETHE fund continued to see outflows, with $46.8 million in outflows on Aug. 5. So far, the ETHE ETF has registered $2.16 billion in outflows since the investment products launched in the U.S.

Meanwhile, spot Bitcoin ETFs recorded $168.4 million in net outflows as the week started. The Grayscale Bitcoin Trust (GBTC), ARK 21Shares Bitcoin ETF (ARKB), and Fidelity Wise Origin Bitcoin Fund (FBTC) ETFs saw $69.1 million, $69 million, and $58 million in outflows on Aug. 5.

However, the Grayscale mini BTC fund’s VanEck Bitcoin Trust (HODL) and Bitwise Bitcoin ETF registered $21.8 million, $3 million, and $2.9 million in inflows, respectively. The remaining spot BTC ETFs stayed neutral as the crypto market experienced fear, uncertainty, and doubt (FUD).

Data from CoinGecko shows that the global crypto market capitalization witnessed a sharp rebound, increasing by 8.6% over the past 24 hours to sit at $2.07 trillion. Bitcoin also recovered from the $49,000 zone and is currently trading at $55,950 at the time of writing. Ethereum regained the psychological $2,500 support line after registering a 14.4% rally in the past 24 hours.

For more news on the latest trends and updates in the cryptocurrency market, keep exploring Global Crypto News.

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