U.S. spot Ethereum ETF sees net outflows exceeding $40 million

Doohyun Hwang

Summary

It reported that the U.S. spot Ethereum ETF market saw net outflows of $42.38 million in a single day.
Outflows were concentrated in Grayscale products, and Fidelity's FETH also experienced net outflows.
Meanwhile, 21Shares' CETH recorded net inflows, and some ETF products reportedly saw no fund movements.

More than $40 million flowed out of the U.S. spot Ethereum (ETH) exchange-traded fund (ETF) market in a single day.

On the 11th (local time), according to TraderT's data, the total net outflows of U.S.-traded spot Ethereum ETFs were $42.38 million. The recent inflow trend appears to have reversed.

Outflows were concentrated in Grayscale products. Grayscale's ETHE saw net outflows of $31.22 million, and Grayscale's Mini Ethereum ETF saw $10.03 million flow out. Fidelity's FETH also recorded net outflows of $3.21 million.

Meanwhile, 21Shares' CETH recorded net inflows of $2.08 million. BlackRock's ETHA, Bitwise's ETHW, Invesco's QETH, Franklin's EZET, and VanEck's ETHV had no inflows or outflows that day.

ETH