PiCK
US Spot Ethereum ETFs See $49.70 Million in Net Outflows…Institutional Demand Weakens
Suehyeon Lee
Summary
- Net outflows of $49.72 million from US spot Ethereum ETFs signaled weakened institutional demand, the report said.
- BlackRock’s ETHA led the outflows with $45.62 million in net redemptions, it added.
- Fidelity’s FETH saw $1.39 million and VanEck’s ETHV posted $2.71 million in net outflows, while the remaining products recorded no net inflows or outflows, it said.
US spot Ethereum exchange-traded funds (ETFs) saw net outflows, signaling weakened institutional demand.
According to data compiled by Trader T on the 23rd (local time), total net outflows from US spot Ethereum ETFs came to $49.72 million (about KRW 71.9 billion) on the day.
Specifically, BlackRock’s ETHA led the exodus with $45.62 million in net outflows. Fidelity’s FETH posted $1.39 million in net outflows, while VanEck’s ETHV saw $2.71 million in net outflows. The remaining products recorded no net inflows or outflows.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
