US spot Ethereum ETFs see $152 million in net outflows on third day
The nine U.S. spot ether ETFs logged $152.3 million in net outflows on Thursday, compared to $133 million in outflows on Wednesday.Spot bitcoin ETFs, on the other hand, experienced $31.16 million in net inflows during the day.
The nine U.S. spot Ethereum ETH +2.03% exchange-traded funds recorded $152.3 million in net outflows on Thursday, their third day of trading, extending the outflows from the previous day.
The Grayscale Ethereum Trust (ETHE) was the only one recording outflows among the ether funds, with $346.22 million in net outflows, according to data from SosoValue.
The significant outflows were offset by the inflows from the rest of the funds. BlackRock’s ETHA led the pack of inflows with $70.93 million in net inflows, followed by Grayscale Ethereum Mini Trust’s $58.09 million, Fidelity FETH’s $34.32 million and Bitwise ETHW’s $16.34 million in net inflows.
VanEck ETHV also recorded $8 million in net inflows, while Invesco’s QETH logged $6.24 million in net inflows. The two other spot ether ETFs managed by Franklin and 21Shares saw zero flows on Thursday.
The $152.3 million outflows from the nine ether funds followed Wednesday’s outflows of $133 million .
The total daily trading volume of the spot ether funds amounted to around $860.8 million on Thursday, according to Yahoo Finance data compiled by The Block Pro Research. The funds saw trading volumes of $1.05 billion on Tuesday and $944.6 million on Wednesday.
Spot bitcoin ETFs extend inflows
Meanwhile, the 11 spot bitcoin ETFs in the U.S. experienced $31.16 million in net inflows on Thursday, following Wednesday’s $44.51 million inflows.
BlackRock’s IBIT recorded $70.75 million in net inflows, while Grayscale’s GBTC saw $39.59 million leave the fund, according to SosoValue data . The rest of the spot bitcoin ETFs logged zero flows on Thursday.
The total daily trading volume of the spot bitcoin funds was $1.51 billion, compared to $1.5 billion on Wednesday and $2.34 billion on Tuesday.
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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