Based on recent data, after a period of inflows, nine U.S. spot ethereum exchange-traded funds (ETFs) experienced withdrawals totaling $133.16 million on Wednesday. The majority of these withdrawals came from Grayscale’s ETHE, which saw a significant $326.86 million in outflows on July 24.
Ethereum ETFs Face $133M Outflows as Grayscale’s ETHE Divests $326M
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Wednesday Sees $133M Exit U.S. Ethereum ETFs, Grayscale’s ETHE Major Driver
U.S. spot ethereum ( ETH) ETFs experienced $133.16 million in outflows on Wednesday, following Tuesday’s inflows of approximately $106.78 million. Roughly $1.05 billion was traded among the nine funds, with Grayscale’s Ethereum Trust (ETHE) notably affecting overall numbers.
ETHE divested about $326.86 million worth of ether, while all other funds, except 21shares’ CETH, recorded gains. Fidelity’s FETH achieved the highest gains with $74.46 million, followed by Grayscale’s Mini Ethereum Trust ( ETH), which absorbed $45.93 million, according to sosovalue.xyz stats.
Bitwise’s ETHW recorded $29.64 million, Vaneck’s ETHV gained $19.84 million, Blackrock’s ETHA saw $17.44 million, and Franklin Templeton’s EZET noted $3.86 million. Invesco’s QETH saw around $2.52 million in inflows during the day’s trading sessions.
Wednesday’s losses pushed the cumulative total net inflow of the nine funds into negative territory, at -$26.38 million. The funds now hold $9.54 billion in assets, with the majority stemming from Grayscale’s ETHE. Grayscale’s ETHE holds 2,489,074.97 ETH, valued at $7.9 billion, representing 82.81% of the total assets held by all nine spot ether ETFs.
What do you think about the spot ether ETF action on Wednesday? Share your thoughts and opinions about this subject in the comments section below.
