U.S. Spot Ether ETFs Record $99.97 Million in Net Outflows
Summary
- Eleven U.S. spot Ether ETFs recorded $99.97 million in net outflows in a single day.
- BlackRock’s ETHA saw $75.2 million in outflows and ETHB lost $21.99 million, with the two products accounting for about 97.2% of the total.
- Spot Bitcoin ETFs also recorded $430.2 million in outflows the same day, bringing total withdrawals from the two asset classes’ spot ETFs to $530.17 million.
Forecast Trend Report by Period
About $100 million flowed out of U.S. spot Ether exchange-traded funds in a single day, with the withdrawals concentrated in two BlackRock products.
Data from SoSoValue on Nov. 5 showed the 11 U.S. spot Ether ETFs recorded combined net outflows of $99.97 million.
BlackRock’s ETHA saw the largest withdrawal at $75.2 million. The firm’s ETHB lost another $21.99 million. Together, the two funds accounted for about 97.2% of the day’s total net outflows.
Fidelity’s FETH posted net outflows of $2.24 million, while Grayscale’s ETHE recorded $539,620 in net outflows. The remaining seven funds saw no net flows. No product posted net inflows that day.
Cumulative net inflows into U.S. spot Ether ETFs stood at $12.02 billion. On the same day, U.S. spot Bitcoin ETFs also recorded $430.2 million in outflows, bringing total withdrawals from the two asset classes’ spot ETFs to $530.17 million.
Doohyun Hwang
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