US Spot Ether ETFs Shed $155.85 Million, Extending Net Outflows to Five Straight Sessions
Summary
- US spot Ether ETFs saw net outflows for a fifth straight trading session, with $155.85 million leaving the funds.
- BlackRock's ETHA and ETHB alone posted $96.15 million in outflows, accounting for about 62% of the total.
- Additional net outflows were also recorded in Grayscale's ETH and ETHE, Fidelity's FETH, and Morgan Stanley's MSSE.
Forecast Trend Report by Period
About $160 million exited US spot Ether exchange-traded funds in a single day, extending net outflows to five straight trading sessions. It was the largest daily outflow since Oct. 7.
The 11 US spot Ether ETFs recorded net outflows of $155.85 million on Oct. 30, according to SoSoValue. That was about 48% more than the $105.48 million withdrawn a day earlier. The total marked the biggest daily outflow in 23 days, since Oct. 7.
BlackRock's ETHA posted the largest outflow at $76.64 million. The firm's ETHB also lost $19.51 million. Combined, the two products accounted for $96.15 million, or about 62% of the day's total net outflows.
Grayscale's ETH and ETHE recorded net outflows of $34.14 million and $21.51 million, respectively. Fidelity's FETH lost $3.33 million, while Morgan Stanley's MSSE saw about $720,000 leave the fund. The remaining five products recorded no net inflows or outflows.
Doohyun Hwang
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