US spot Ethereum ETFs see net outflows of $97.67 million... Large fund exodus from BlackRock
Summary
- Reported that the U.S. spot Ethereum ETF market had a net outflow of $97.67 million.
- Said that BlackRock's 'iShares Ethereum Trust (ETHA)' alone saw $103.3 million withdrawn, leading the large outflows.
- By contrast, Grayscale products saw slight net inflows, and the remaining six products had no inflows or outflows.
More than $90 million flowed out of the U.S. spot Ethereum ETF market.
According to data from TraderT on the 18th (local time), U.S.-traded spot Ethereum ETFs had total net outflows of $97.67 million that day. The large outflows from BlackRock's products were a major factor.
The outflows were led by BlackRock's 'iShares Ethereum Trust (ETHA)'. ETHA saw outflows of $103.3 million in a single day.
By contrast, Grayscale products recorded slight net inflows. Grayscale's 'Ethereum Trust (ETHE)' saw $2.74 million, and 'Ethereum Mini Trust (ETH)' saw $2.89 million, respectively.
The remaining six products — Fidelity (FETH), Bitwise (ETHW), 21Shares (CETH), Invesco (QETH), Franklin Templeton (EZET), and VanEck (ETHV) — had no inflows or outflows.
Doohyun Hwang
cow5361@bloomingbit.ioKEEP CALM AND HODL🍀
