US Spot Ether ETFs See $17.89 Million in Net Outflows as Institutional Flows Turn Mixed
Summary
- US spot Ethereum (ETH) ETFs posted about $17.9 million in net outflows in one day.
- Heavy withdrawals from BlackRock’s iShares Ethereum Trust (ETHA), which saw $40.72 million in net outflows, drove the overall trend.
- Still, some ETFs including Fidelity’s FETH and BlackRock’s ETHB continued to post net inflows, suggesting institutional demand has not fully weakened.
Forecast Trend Report by Period
US spot Ether exchange-traded funds recorded net outflows of about $17.9 million in a single day.
ETF data analyst Trader T said on May 29 that US spot Ether ETFs posted total daily net outflows of $17.89 million.
The withdrawals were driven largely by BlackRock’s iShares Ethereum Trust (ETHA), which saw $40.72 million leave the fund in one day.
Some ETFs still drew inflows. Fidelity Ethereum Fund (FETH) posted net inflows of $10.53 million, while BlackRock Staking Ethereum ETF (ETHB) took in $9.34 million.
Bitwise Ethereum ETF (ETHW) recorded net inflows of $1.44 million, and 21Shares Core Ethereum ETF (TETH) added $1.51 million.
Invesco Galaxy Ethereum ETF (QETH), Franklin Ethereum ETF (EZET), VanEck Ethereum ETF (ETHV), Grayscale Ethereum Trust (ETHE) and Grayscale Ethereum Mini Trust (ETH) saw no inflows or outflows.
With Ether recently falling below $2,000 and remaining under pressure, institutional fund flows have also been mixed. Still, continued inflows into some ETFs excluding BlackRock’s ETHA indicate institutional demand has not fully dried up.
YM Lee
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