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U.S. Ethereum spot ETF posts $644 million net outflow last week

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Suehyeon Lee
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  • It reported that U.S. Ethereum (ETH) spot ETFs recorded a net outflow of $644 million last week.
  • Specifically, it said that BlackRock's ETHA and Grayscale's Ethereum spot ETF saw outflows of $558 million and $49 million, respectively.
  • The market interpreted that reductions in allocations by institutional investors due to year-end liquidity reduction and profit-taking influenced this phenomenon.
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  • The article was summarized using an artificial intelligence-based language model.
  • Due to the nature of the technology, key content in the text may be excluded or different from the facts.
Photo=TraderT
Photo=TraderT

U.S. Ethereum (ETH) spot exchange-traded funds (ETFs) recorded large capital outflows of more than $600 million last week.

On the 22nd (local time), according to TraderT, the weekly net outflow of U.S. Ethereum spot ETFs was $644 million (about 953.9 billion won). During the same period, trading volume was around $9 billion (approximately 13 trillion won), and the most traded price range on a weekly basis was $2,951.

Last week, BlackRock's ETHA led the overall flow with a net outflow of $558 million. Grayscale's Ethereum spot ETF also saw about $49 million in outflows.

Market observers interpret that, as with Bitcoin spot ETFs, Ethereum ETFs are also reflecting both year-end liquidity reduction and risk-management demand. It is seen as the result of some institutional investors taking profits and reducing their allocations in a situation where price rebounds are limited.

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Suehyeon Lee

shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.

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