U.S. Spot Ether ETFs Shed $105.48 Million, Marking Fourth Straight Session of Net Outflows
Summary
- U.S. spot Ether ETFs posted net outflows of $105.48 million in a single day, marking a fourth straight trading session of redemptions.
- BlackRock's ETHA and ETHB lost $71.68 million and $15.6 million, respectively, bringing the two funds' combined net outflow to $87.28 million.
- Grayscale's ETHE and ETH saw a combined $21.11 million leave the funds, while Fidelity's FETH recorded $2.9 million in net inflows.
Forecast Trend Report by Period
U.S. spot Ether exchange-traded funds saw more than $100 million leave in a single day. Outflows were concentrated in BlackRock products, while Fidelity's fund was the only one to record an inflow.
SoSoValue data for October 29 showed U.S. spot Ether ETFs posted net outflows of $105.48 million for the day. That extended the streak of net redemptions to four trading sessions. Four of the 11 funds saw outflows, while only one posted a net inflow.
BlackRock's ETHA logged the largest outflow at $71.68 million. The firm's ETHB also posted net outflows of $15.6 million. Combined, the two funds shed $87.28 million.
Grayscale's ETHE and ETH recorded outflows of $15.54 million and $5.57 million, respectively. By contrast, Fidelity's FETH posted net inflows of $2.9 million. The remaining six products, including Bitwise's ETHW, were flat.
Doohyun Hwang
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