U.S. Spot Ether ETFs See Biggest Net Outflow in Eight Months at $142.3 Million
Summary
- U.S. spot Ether (ETH) ETFs recorded net outflows of $142.3 million in a single day, the largest amount in eight months.
- Trader T said the outflows reflected investor disappointment over political wrangling surrounding the Clarity Act.
- Funds including BlackRock's ETHA posted withdrawals, while BlackRock's staked Ether ETF ETHB and 21Shares' TETH recorded net inflows.
Forecast Trend Report by Period
U.S. spot Ether exchange-traded funds posted their largest net outflow in eight months.
Trader T said on September 16 that U.S. spot Ether ETFs recorded combined net outflows of $142.3 million the previous day. That marked the biggest daily net withdrawal in eight months. Trader T attributed the move to investor disappointment over political wrangling surrounding the Clarity Act.
BlackRock's ETHA led the outflows, with $98 million leaving the fund. Bitwise's ETHW posted net outflows of $34.4 million, while Grayscale's ETHE saw $17.5 million exit and Fidelity's FETH recorded $7.2 million in net outflows.
By contrast, BlackRock's staked Ether ETF ETHB drew $12.4 million in net inflows, while 21Shares' TETH added $2.4 million. The remaining products recorded no net flows.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.