James Butterfill, head of research at CoinShares, said on the X platform that the newly launched Ethereum ETF attracted $1.183 billion in inflows in its first week. However, the overall net outflow was $338 million due to large outflows from the existing Grayscale fund. The ISHARES ETHEREUM TRUST ETF (ETHA) and Fidelity Ethereum Fund (FETH) saw inflows of $453 million and $224 million respectively, while the Grayscale Ethereum Trust (ETHE) saw outflows of $1.513 billion.