US Ether ETFs See Negative Flows as Grayscale Offloads $356.26M

CN
9 months ago

The spot ether ETFs have been impacted by Grayscale’s Ethereum Trust (ETHE), which has sold off $1.51 billion in ETH since July 23, 2024, over four trading sessions. On Friday, ETHE’s divestment of $356.26 million overshadowed all other inflows from different funds. Five out of the nine spot ETH ETFs saw gains, with Blackrock’s ETHA leading by collecting $87.22 million.

Grayscale’s Mini Ethereum Trust (ETH) garnered $44.94 million, while Fidelity’s FETH saw inflows of $39.26 million. Bitwise’s ETHW fund gained $15.96 million, and Franklin Templeton’s EZET attracted $6.21 million. ETHV, QETH, and CETH reported neither inflows nor outflows on Friday.

The trading session on July 26 saw a total outflow of $162.67 million, resulting in net cumulative outflows of $341.35 million. Today, the nine ether ETFs collectively hold approximately $9.24 billion, primarily due to the rise in ETH’s price. This amount represents 2.36% of ETH’s market valuation this weekend.


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