Ethereum ETFs See $39M Outflow, Bitcoin ETFs Gain $11M
On Thursday, U.S. spot Ethereum ETFs saw a $39.21 million outflow, ending a three-day streak of positive inflows.
The Grayscale Ethereum Trust (ETHE) experienced the largest outflow of $42.52 million. It was the only Ethereum ETF to report a decrease in assets that day, according to Farside data .
Meanwhile, the Grayscale Ethereum Mini Trust saw no movement, having had modest inflows of $2.26 million the previous day. Fidelity’s FETH saw $2.54 million in inflows, and BlackRock’s ETHA received $770,350. Other Ethereum ETFs reported no changes.
The total trading volume for Ethereum ETFs reached $240.58 million, an increase from the previous days.
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Ethereum May Be Nearing a Bottom Against Bitcoin, Analyst SuggestsOn the flip side, spot Bitcoin ETFs in the U.S. had a positive day with $11.11 million in inflows, reversing the previous day’s outflows of $81.36 million.
BlackRock’s IBIT saw no new flows, following inflows on the two preceding days. Grayscale’s GBTC was the only Bitcoin ETF to see outflows, with $25.03 million exiting. Fidelity’s FBTC led with $16.25 million in inflows, followed by Grayscale Mini Trust and Bitwise’s BITB with $13.66 million and $6.23 million, respectively.
Bitcoin ETF trading volume hit $1.79 billion, up from $1.3 billion the day before.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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