Editor's PiCK

US Ethereum spot ETFs turn to net outflows after 8 trading days

Source
Doohyun Hwang

Summary

  • It reported that Ethereum spot ETFs traded in the US ended an eight-trading-day streak of net inflows and turned to net outflows.
  • BlackRock's 'ETHA' recorded $39.29 million in net inflows, leading inflows, while Fidelity's 'FETH' saw $30.26 million in net outflows.
  • The total net asset value of all Ethereum spot ETFs is $29.9 billion, which is 5.71% of Ethereum's market capitalization.
photo=SoSoValue
photo=SoSoValue

US spot Ethereum (ETH) exchange-traded funds (ETFs) turned to net outflows, ending an eight-trading-day streak of net inflows.

On the 9th (local time), according to SoSoValue data, the total net outflow of Ethereum spot ETFs traded in the US was $8.54 million as of that day.

By ETF, BlackRock's 'ETHA' recorded a net inflow of $39.29 million, leading inflows. ETHA's cumulative net inflows currently amount to $14.57 billion. By contrast, Fidelity's 'FETH' recorded a net outflow of $30.26 million, showing the largest capital outflow. FETH's cumulative net inflows are $2.72 billion.

The total net asset value of Ethereum spot ETFs is $29.9 billion. This is 5.71% of Ethereum's total market capitalization, and cumulative net inflows to date are $15.08 billion.

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Doohyun Hwang

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