US Ethereum Spot ETF Sees $60.47 Million Outflow

Source
Doohyun Hwang

Summary

  • The US Ethereum spot ETF experienced an outflow of $60.47 million.
  • Grayscale ETHE recorded the largest outflow with $58.13 million.
  • Ethereum, after surpassing $4,000, plummeted and is currently priced around $3,380.

The US Ethereum (ETH) spot ETF experienced an outflow of $60.47 million on the 19th (local time). This marks a shift to outflow after 18 days.

According to data from Sosovalue, Grayscale ETHE ($58.13 million) had the largest outflow, followed by Bitwise ETHW ($6.78 million), Grayscale Mini ETH ($3.18 million), and Invesco QETH ($2.36 million).

Meanwhile, Ethereum, which had raised the possibility of breaking its previous high by surpassing the $4,000 mark, plummeted, giving back most of its gains. As of 2:18 PM (KST), Ethereum is trading at around $3,380 on the Binance Tether (USDT) market, down approximately 8% from the previous day.

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Doohyun Hwang

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