Editor's PiCK
U.S. Spot Ethereum ETFs See Net Outflows for Two Consecutive Trading Days
Doohyun Hwang
Summary
- Reported that the U.S. spot Ethereum (ETH) ETF market experienced net outflows for two consecutive trading days.
- Said that BlackRock's ETHA experienced the largest outflow of $120,250,000 in one day.
- Stated that due to major institutional selling, Ethereum's price fell to $3,800.
Net outflows occurred in the U.S. spot Ethereum (ETH) exchange-traded fund (ETF) market for two consecutive trading days. As major institutions continued selling, Ethereum's price also entered a downtrend.
According to TraderT's data on the 30th (local time), U.S.-traded spot Ethereum ETFs saw a total net outflow of $186,560,000 in a single day.
The largest outflow came from BlackRock's ETHA, which lost $120,250,000 in one day. It was followed by Bitwise's ETHW with $31,140,000 and Fidelity's FETH with $18,530,000 in net outflows, respectively.
Under this institutional selling pressure, Ethereum turned lower, falling intraday to $3,800 on the Binance Tether (USDT) market.
Doohyun Hwang
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