US Spot Ether ETFs See $110.5 Million in Net Outflows
Summary
- US spot Ether ETFs recorded $110.5 million in net outflows in a single day.
- BlackRock's ETHA and ETHB posted combined net outflows of $92.62 million, while funds also left Grayscale's ETH and ETHE.
- By contrast, Fidelity's FETH was the only fund to post $2.37 million in net inflows, while cumulative net inflows into US spot Ether ETFs stood at $12.71 billion.
Forecast Trend Report by Period
US spot Ether exchange-traded funds saw more than $100 million in net outflows in a single day.
Data from SoSoValue for Oct. 22 showed US spot Ether ETFs posted $110.5 million in net outflows.
BlackRock's ETHA recorded $75.45 million in outflows, while ETHB saw $17.17 million leave. Combined net outflows from the two products totaled $92.62 million. Grayscale products also saw money exit. The Grayscale Ethereum Mini Trust (ETH) posted $10.69 million in net outflows, while ETHE recorded $9.56 million.
By contrast, Fidelity's FETH drew $2.37 million, making it the only fund to post net inflows. The other six products, including Bitwise's ETHW and VanEck's ETHV, recorded no net flows.
As of that day, cumulative net inflows into US spot Ether ETFs stood at $12.71 billion. By product, BlackRock's ETHA had cumulative net inflows of $12.26 billion, while Grayscale's ETHE had cumulative net outflows of $5.5 billion.
Doohyun Hwang
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