US Spot Ether ETFs Turn to Net Outflows, Lose $32.9 Million
Suehyeon Lee
Summary
- US spot Ether ETFs turned to net outflows, with $32.9 million leaving the funds.
- Fidelity’s FETH posted the largest withdrawal, with $16.1 million in net outflows.
- Net outflows were also recorded in Grayscale’s ETHE, Grayscale Ethereum Mini Trust ETF, 21Shares CETH, and Bitwise ETHW.
Forecast Trend Report by Period
US spot Ether exchange-traded funds turned to net outflows on July 30, with money leaving the products again.
Farside Investors data showed US spot Ether ETFs posted total net outflows of $32.9 million that day. That ended a two-session streak of net inflows and marked a return to outflows.
Fidelity’s FETH led the withdrawals, with net outflows of $16.1 million. Grayscale’s ETHE and Grayscale Ethereum Mini Trust ETF also posted outflows of $9.7 million and $8.1 million, respectively.
21Shares’ CETH saw net outflows of $2.8 million, while Bitwise’s ETHW recorded $1.4 million in outflows. The remaining products saw no net flows.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.