Editor's PiCK

U.S. Ethereum spot ETFs saw about KRW 111 billion net outflows the previous day… six consecutive trading days of net outflows

Source
Minseung Kang

Summary

  • U.S. Ethereum (ETH) spot ETFs recorded net outflows of $74.68 million (about KRW 111 billion) the previous day.
  • This was the sixth consecutive trading day of net outflows, with BlackRock's ETHA seeing the largest outflow of $165.52 million.
  • The market said that large-scale capital movements concentrating in specific ETFs have led to pronounced flow disparities among products.
Photo = TraderT X screenshot
Photo = TraderT X screenshot

Ethereum (ETH) spot exchange-traded funds (ETFs) recorded net outflows of $74.68 million the previous day. This marks six consecutive trading days of net outflows.

On the 19th, according to TraderT, a crypto asset (cryptocurrency)-specialized account, BlackRock's ETHA saw $165.52 million withdrawn the previous day. Meanwhile, Bitwise's ETHW had $19.10 million in inflows, and some ETFs, such as Franklin's EZET ($4.76 million) and VanEck's ETHV ($4.59 million), showed small inflows. Fidelity (FETH), 21Shares (CETH), Invesco (QETH), and the Grayscale ETHE series showed no change.

Market observers say that large-scale capital movements have concentrated in specific ETFs, making flow disparities between individual products more pronounced.

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Minseung Kang

minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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