- Thursday marked the end of a three-day positive flow run for U.S. spot Ethereum ETFs.
- $42.52M left the Grayscale’s ETHE fund, continuing the trend of withdrawals.
On Thursday, spot bitcoin ETFs had inflows of $11.1 million, while U.S. spot ether ETFs witnessed net outflows of $39.2 million. The $42.5 million that left Grayscale’s ETHE fund shows that outflows have persisted. Thursday marked the end of a three-day positive flow run for U.S. spot Ethereum exchange-traded funds, as $39.21 million left.
According to statistics from SosoValue, $42.52 million left the Grayscale Ethereum Trust (ETHE) fund, continuing the trend of withdrawals. On Thursday, it reported the only outflow of any spot ether ETF.
Following a mild $2.26 million net inflow the day before, the second-largest spot ether ETF by net assets, the Grayscale Ethereum Mini Trust (ETH), had no flows on Thursday. Net inflows to Fidelity’s FETH were $2.54 million, while BlackRock’s ETHA received $770,350. There was no activity in the other ETFs.
A significant increase over Wednesday’s and Tuesday’s total daily volumes of $155.91 million and $190.76 million, respectively, brought the total daily volume of the nine ETFs to $240.58 million on Thursday.
Inflows Recorded for Spot Bitcoin ETF
Thursday saw modest inflows of $11.11 million into the 12 U.S. spot bitcoin ETFs, down from net outflows of $81.36 million the previous day.
There were no transactions on Thursday in BlackRock’s IBIT, the biggest spot bitcoin ETF by net assets. The previous two days saw net inflows of $2.68 million and $34.55 million, respectively.
Only one exchange-traded fund (ETF) reported negative flows; $25.03 million left Grayscale’s GBTC. Its outflow streak was prolonged to the eleventh day by this. Thursday saw a total trading volume of $1.79 billion for these spot bitcoin ETFs, up from $1.3 billion the previous day.
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