US Spot Ether ETFs See $26.12 Million in Net Outflows for Fifth Straight Session
Summary
- US spot Ether exchange-traded funds (ETFs) recorded $26.12 million in net outflows for a fifth straight trading session.
- BlackRock’s iShares Ethereum Trust (ETHA) saw $33 million leave the fund, while Fidelity’s Ethereum Fund (FETH) and Grayscale’s Ethereum Mini Trust (ETH) posted net inflows of $3.63 million and $3.25 million, respectively.
- Spot Ether ETFs have logged cumulative net outflows of $1.08 billion so far this month, but remain in positive territory for the year with cumulative net inflows of $684.6 million.
More than $26 million flowed out of US spot Ether exchange-traded funds.
Trader T data published on October 21 showed total net outflows from US spot Ether ETFs reached $26.12 million in the previous session. It was the fifth consecutive trading day of net outflows.
Among individual products, BlackRock’s iShares Ethereum Trust (ETHA) led the declines with $33 million in outflows.
Fidelity’s Ethereum Fund (FETH), by contrast, posted $3.63 million in net inflows. Grayscale’s Ethereum Mini Trust (ETH) also recorded inflows of $3.25 million, partially offsetting the broader outflows. No flows were recorded in the remaining products.
So far this month, cumulative net outflows from spot Ether ETFs have reached $1.08 billion. For the year, however, the funds still show cumulative net inflows of $684.6 million, keeping year-to-date flows in positive territory.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.