US Spot Ethereum ETFs See $88.58 Million in Net Outflows as BlackRock’s ETHA Loses Funds
Suehyeon Lee
Summary
- The US spot Ethereum (ETH) ETF market recorded about $80 million in net outflows.
- Total net outflows from US spot Ethereum ETFs were tallied at $88.58 million.
- Outflows were concentrated in BlackRock’s iShares Ethereum Trust (ETHA), while Fidelity’s Ethereum Fund (FETH) recorded net inflows of $16.13 million.
Forecast Trend Report by Period
More than $80 million flowed out of the US spot Ethereum exchange-traded fund market.
According to SoSoValue, total net outflows from US spot Ethereum ETFs stood at $88.58 million on October 27, based on the previous day's data.
The outflows were concentrated in BlackRock’s iShares Ethereum Trust (ETHA). The fund shed $104.71 million in a single day, driving the market’s overall net outflows.
By contrast, Fidelity’s Ethereum Fund (FETH) posted net inflows of $16.13 million. The remaining products recorded no net flows.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.