US Spot Ether ETFs Post $28.04 Million in Net Outflows, Reversing Course

US-listed spot Ether exchange-traded funds recorded net outflows on July 16, reversing from inflows a day earlier.

According to on-chain data provider SoSoValue, US spot Ether ETFs saw combined net outflows of $28.0413 million on July 16.

Bitwise's ETHW was the only product to post net inflows that day. The fund took in $2.2772 million, lifting its cumulative net inflows since launch to $384 million.

Grayscale's Ethereum Mini Trust ETF, trading under the ticker ETH, posted the largest net outflow. The fund lost $14.2819 million in a single day, while cumulative net inflows stood at $1.8 billion.

Total net assets in spot Ether ETFs were $10.099 billion. That equals 4.47% of Ethereum's total market capitalization, while cumulative historical net inflows reached $11.042 billion.

Volatility has been rising across the broader digital-asset market. Unlike spot Bitcoin ETFs, spot Ether ETFs are now seeing outflows, underscoring a gap in institutional demand.