US Spot Ether ETFs Post $103.51 Million in One-Day Outflows, Led by Fidelity

YM Lee

Summary

The U.S. spot Ether (ETH) ETF market posted net outflows of $103.51 million in a single day.
Fidelity's FETH saw $62.26 million in outflows, while BlackRock's ETHA posted $26.31 million in net outflows.
The spot Ether ETF market has recently seen limited inflows and outflows alternate without a clear direction.

Forecast Trend Report by Period

U.S. spot Ether exchange-traded funds posted net outflows of more than $100 million in a single day, with the bulk of the selling concentrated in products from Fidelity and BlackRock.

Trader T data for May 7 showed total net outflows from U.S. spot Ether ETFs reached $103.51 million.

Fidelity's FETH recorded the largest outflow, with $62.26 million leaving the fund in one day.

BlackRock's ETHA saw $26.31 million in net outflows. Grayscale's ETHE and Grayscale Mini Ether posted net outflows of $8.38 million and $3.70 million, respectively.

21Shares' TETH also logged $2.86 million in outflows.

Bitwise's ETHW, Invesco's QETH, Franklin's EZET, VanEck's ETHV and BlackRock's staking ETF ETHB recorded no inflows or outflows.

The spot Ether ETF market has recently swung between modest inflows and outflows without a clear trend. Ether has been trading in the low- to mid-$2,000 range.

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