US Ether ETFs See $69.7 Million in Net Outflows as October Total Nears $955 Million
YM Lee
Summary
- US Ether (ETH) exchange-traded funds (ETFs) posted net outflows of $69.7 million.
- All of the withdrawals came from BlackRock's ETHA, while the other products recorded no net inflows or outflows.
- Cumulative net outflows for October stand at $955 million, though the funds are still showing net inflows of $814 million for the year.
Forecast Trend Report by Period
US Ether exchange-traded funds posted net outflows of $69.7 million, with all of the withdrawals coming from BlackRock's ETHA.
Trader T data for Oct. 16 showed ETHA recorded $69.7 million in net outflows. The other products, including Grayscale's ETHE and mini ETF ETH, Fidelity's FETH and BlackRock's staking ETF ETHB, saw no net inflows or outflows.
Cumulative net outflows for October totaled $955 million. Even so, the funds remained in net inflows of $814 million for the year.
YM Lee
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