PiCK
Ethereum spot ETF sees $422 million net outflow… Third consecutive day of withdrawals
YM Lee
Summary
- It was reported that $422 million in funds have flowed out of Ethereum (ETH) spot Exchange-Traded Fund (ETF) products.
- According to data from Farside Investors, net outflows have continued for three consecutive days.
- Fidelity's FETH and Grayscale's ETHE recorded fund outflows of $156.3 million and $122 million, respectively.
A massive $422 million outflow occurred from Ethereum (ETH) spot Exchange-Traded Fund (ETF) products.
According to data from Farside Investors on the 20th (local time), Ethereum spot ETF products recorded net outflows of $422 million on the 19th. The largest outflow was from Fidelity's FETH, which saw outflows as high as $156.3 million, followed by Grayscale's ETHE with $122 million.
YM Lee
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