Summary
- Spot Ether ETFs continued to see fund outflows.
- On July 7, Ether ETFs posted total net outflows of $64.61 million.
- After Bitcoin ETFs, Ether ETFs also extended net outflows, indicating a broader slowdown in institutional fund flows.
Forecast Trend Report by Period
US spot Ether exchange-traded funds extended their outflow streak.
The funds posted total net outflows of $64.61 million on July 7, according to data compiled by Trader T.
Fidelity's FETH saw the biggest withdrawal at $48.21 million, while BlackRock's ETHA recorded $16.39 million in outflows.
Other major ETFs from Bitwise, 21Shares, Invesco, Franklin, VanEck and Grayscale were unchanged, with no inflows or outflows.
Following net outflows from Bitcoin ETFs, Ether ETFs also remained in negative territory, indicating an overall slowdown in institutional fund flows.
YM Lee
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