U.S. Ethereum spot ETFs, $56.75 million net outflow

Doohyun Hwang

Summary

Reported that the U.S. Ethereum (ETH) spot exchange-traded fund (ETF) market experienced a $56.75 million net outflow in one day.
BlackRock's ETHA recorded a $47.01 million net inflow, but major ETF products such as Fidelity's FETH, Bitwise's ETHW, and Grayscale's ETHE continued to see large capital outflows.
That day, the Ethereum price was trading at $3,923 on the Binance Tether market, down 2.4%.

The U.S. Ethereum (ETH) spot exchange-traded fund (ETF) market turned to a net outflow in one day.

According to TraderT's data on the 16th (local time), a total of $56.75 million flowed out of Ethereum spot ETFs traded in the U.S.

By product, BlackRock's ETHA recorded a net inflow of $47.01 million, leading the inflow trend. Meanwhile, Fidelity's FETH saw a net outflow of $11.6 million, and Bitwise's ETHW recorded a net outflow of $15.83 million.

In addition, Franklin Templeton's EZET recorded a net outflow of $2.94 million, while Grayscale's ETHE and the Mini Ethereum ETF (ETH) saw outflows of $69.03 million and $4.37 million, respectively.

21Shares' TETH, Invesco's QETH, and VanEck's ETHV saw no change.

That day, Ethereum was trading at $3,923 on the Binance Tether (USDT) market, down 2.4% from the previous day.

ETH