📊 Recent Outflows in US Spot Ethereum ETFs
On Wednesday, U.S.-based spot Ethereum exchange-traded funds (ETFs) experienced significant outflows, with $77.21 million withdrawn from these funds. While six ETFs reported inflows, Grayscale’s Ethereum Trust (ETHE) faced a substantial reduction of $133.33 million.
💼 Trading Volume and Net Outflows
The nine spot Ethereum ETFs collectively recorded a trading volume of $472.5 million and net outflows of $77.21 million on Wednesday. Grayscale’s ETHE shed $133.33 million, whereas Franklin Templeton’s EZET and Invesco’s QETH remained neutral, seeing neither inflows nor outflows.
📈 Leading Inflows
In contrast, Grayscale’s Mini Ethereum Trust (ETH) led with $19.54 million in net inflows on July 31. Fidelity’s FETH absorbed around $18.8 million, and Blackrock’s ETHA gained $4.98 million. Vaneck’s ETHV fund recorded $4.81 million, Bitwise’s ETHW saw $4.71 million, and 21shares’ CETH pulled in $3.28 million on Wednesday. Since trading began, the spot ETH ETFs have only seen two days of positive net inflows.
📉 Cumulative Net Inflows
As of now, cumulative net inflows since July 23 are negative, standing at -$483.18 million. Grayscale’s ETHE is nearing $2 billion in total outflows, having divested $1.98 billion since it began public trading. Collectively, the nine ETFs hold $9.08 billion in ETH, representing 2.34% of ETH’s market capitalization, according to sosovalue.xyz data.
