- Only the Grayscale Ethereum Trust (ETHE) saw a net outflow of $346.22 million.
- The total daily trading volume of the spot ether funds was around $860.8 million.
In continuation of their withdrawals from the previous day, the nine U.S spot Ethereum exchange-traded funds saw net outflows of $152.3 million on Thursday, their third day of trading. According to statistics from SosoValue, out of all the funds, only the Grayscale Ethereum Trust (ETHE) saw a net outflow of $346.22 million.
Following Wednesday’s $133 million withdrawal, the nine ether funds withdrew $152.3 million. According to statistics, the total daily trading volume of the spot ether funds was around $860.8 million on Thursday.
Decent Performance
Even if there were substantial withdrawals, the remaining funds were enough to cover them. The top four inflows were as follows: BlackRock’s ETHA (with $70.93 million), Grayscale Ethereum Mini Trust (with $58.09 million), Fidelity FETH (with $34.32 million), and Bitwise ETHW (with $16.34 million).
The net inflows for VanEck’s ETHV were $8 million, while for Invesco’s QETH, they were $6.24 million. No money changed hands in Franklin’s and 21Shares’ other spot ether exchange-traded funds (ETFs) on Thursday.
Volumes of $1.05 billion and $944.6 million, respectively, were recorded by the funds on Tuesday and Wednesday. On the other hand, after receiving $44.51 million on Wednesday, the eleven spot bitcoin ETFs in the US had net inflows of $31.16 million on Thursday.
According to SosoValue statistics, BlackRock’s IBIT saw a net inflow of $70.75 million while Grayscale’s GBTC had a net outflow of $39.59 million. Thursday saw no trading activity in any of the other bitcoin exchange-traded funds. At the time of writing, Bitcoin is trading at $67,248, up 4.71% in the last 24 hours as per data from CMC.
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