Negative Flows in US Spot Ethereum Exchange Traded Funds (ETFs) Extend to Fourth Day! Here Are the Details

Nine US spots Ethereum The exchange-traded fund (ETF) posted net outflows of $98.3 million on Monday, marking its fourth consecutive day of negative flows. The trend suggests that investor interest in these products continues to wane.

US Spot Ethereum ETFs Extend Negative Streak with $98.3 Million Net Outflow

Among funds, Grayscale Ethereum Trust (ETHE) was significantly affected with a net outflow of $210.04 million, according to SosoValue data. ETHE has consistently seen significant outflows since its launch last Tuesday.

In comparison, BlackRock’s ETHA led the inflows with $58.17 million, followed by Fidelity’s FETH with $24.82 million, VanEck’s ETHV with $10.91 million and Bitwise’s ETHW with $10.45 million.

Additionally, Grayscale Ethereum Mini Trust reported net inflows of $4.9 million, while Franklin’s EZET saw $2.52 million. Two other spot ether ETFs managed by Invesco and 21Shares saw no activity on Monday.

Meanwhile, US spot Bitcoin ETFs showed an opposite trend with net inflows of $124.13 million on Monday. BlackRock’s IBIT was the standout performer, recording net inflows of $205.62 million and was the only spot Bitcoin ETF to see positive net flows on the day.

In comparison, Grayscale’s GBTC experienced a net outflow of $54.29 million, Bitwise’s BITB had a net outflow of $21.3 million, and Fidelity’s FBTC had a net outflow of $5.89 million.

Total trading volume for spot Bitcoin ETFs was significantly higher, reaching $2.68 billion on Monday, compared to $2.04 billion on Friday and $1.51 billion on Thursday.

This activity suggests stronger interest in Bitcoin ETFs compared to their Ethereum counterparts during the same period.

*This is not investment advice.