PiCK
U.S. spot Ethereum ETFs see $130 million in net outflows…institutional exodus broadens
Summary
- The report said heavy fund outflows in the U.S. spot Ethereum ETF market are rapidly weighing on investor sentiment.
- It noted that daily net outflows from U.S. spot Ethereum ETFs came to $131.16 million, with the outflow trend widening for a second consecutive day.
- It added that while cumulative net inflows were tallied at $11.78 billion and total net assets at about $12.87 billion, assets have been declining due to the recent outflows.
Forecast Trend Report by Period
Investor sentiment is rapidly deteriorating as the U.S. spot Ethereum ETF market sees heavy fund outflows.
According to SosoValue on the 19th (local time), net outflows from U.S. spot Ethereum ETFs totaled $131.16 million for the day. Following the previous session (-$55.70 million), funds have exited for a second straight day, with the pace of outflows accelerating.
By fund, BlackRock’s ETHA accounted for the largest share, with $102.31 million in outflows. Fidelity’s FETH posted $11.76 million, Bitwise’s ETHW $5.83 million, and VanEck’s ETHV $7.05 million in net outflows. Grayscale’s ETH also saw $8.52 million leave the fund.
Meanwhile, BlackRock’s ETHB recorded $7.72 million in net inflows, but that was not enough to reverse the broader trend.
Cumulative net inflows held at $11.78 billion, while total net assets were estimated at about $12.87 billion. However, assets under management declined amid the recent outflows.
Doohyun Hwang
cow5361@bloomingbit.ioKEEP CALM AND HODL🍀
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