Ethereum (ETH) exchange-traded funds took in a net $33.1 million on Tuesday, reversing the $88.6 million in net outflows recorded the prior session, according to daily issuer flow disclosures.

Fidelity's FETH drove the turnaround with $28.6 million in creations, while Grayscale's ETH fund contributed a further $4.5 million, with the two funds together matching the day's entire net figure — implying that creations and redemptions at the remaining issuers offset one another during the session. The result represented a swing of roughly $121.7 million in daily net flows between the two consecutive sessions.

Spot ether ETFs listed in the United States began trading in July 2024, and participating issuers disclose creations and redemptions for each trading session, offering a running gauge of demand for the second-largest cryptocurrency by market value through standard brokerage accounts. Because these figures are published at daily granularity, consecutive sessions can point in opposite directions, as Tuesday's reversal of the prior session's outflows illustrates.

For readers following the flows, the next round of issuer disclosures will show whether Tuesday's net creations held or gave way to another swing, in a product line where the daily total has already moved from net outflows to net inflows within two trading days.

This content was first published on COINOTAG.