US Spot Ether ETFs See $4.93 Million of Net Outflows

US spot Ether exchange-traded funds posted net outflows of $4.93 million.

Data from Trader T for June 12 showed the withdrawals were driven by BlackRock and Fidelity. BlackRock's spot Ether ETF, ETHA, recorded the largest outflow at $4.53 million, while Fidelity's FETH posted net outflows of $420,000.

Seven products -- Bitwise's ETHW, 21Shares' TETH, Invesco's QETH, Franklin Templeton's EZET, VanEck's ETHV, Grayscale's ETHE and Grayscale Mini's ETH -- recorded no inflows or outflows that day.

BlackRock's staking Ether ETF, ETHB, was the only fund to post net inflows. It added $20,000.