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US spot Ethereum ETFs saw net outflows of USD 102 million last week; trading volume at lowest since June

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Suehyeon Lee
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  • Spot Ethereum ETFs recorded net outflows of USD 102 million last week.
  • Trading volume was USD 4 billion, the lowest since June.
  • The market said that year-end liquidity tightening and investors reducing exposure to risky assets have led to defensive capital flows.
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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=Trader T
Photo=Trader T

The US spot Ethereum (ETH) exchange-traded fund (ETF) market is experiencing continued trading contraction and capital outflows ahead of year-end.

On the 29th (local time), Trader T reported that weekly net outflows from spot Ethereum ETFs amounted to USD 102 million (about KRW 146 billion). Over the same period, trading volume was USD 4 billion (about KRW 5.73 trillion), the lowest level since June 25.

By asset manager, BlackRock's product saw the largest decrease with net outflows of USD 69 million. Bitwise experienced USD 14 million in outflows, and Grayscale saw USD 13 million in outflows.

Market participants say that as liquidity tightens toward year-end and investors reduce exposure to risky assets, spot Ethereum ETFs are also showing defensive capital flows.

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Suehyeon Lee

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

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