U.S. spot ethereum exchange-traded funds (ETFs) experienced negative inflows once again, driven by Grayscaleās Ethereum Trust (ETHE) offloading a substantial $356.26 million on Friday. To date, ETHE has recorded more than $1.5 billion in cumulative outflows.
US Ether ETFs See Negative Flows as Grayscale Offloads $356.26M
This article was published more than a year ago. Some information may no longer be current.
WRITTEN BY
SHARE
Grayscaleās Ethereum Trust Sheds $1.5B in 4 Trading Sessions
The spot ether ETFs have been impacted by Grayscaleās Ethereum Trust (ETHE), which has sold off $1.51 billion in ETH since July 23, 2024, over four trading sessions. On Friday, ETHEās divestment of $356.26 million overshadowed all other inflows from different funds. Five out of the nine spot ETH ETFs saw gains, with Blackrockās ETHA leading by collecting $87.22 million.
Grayscaleās Mini Ethereum Trust ( ETH) garnered $44.94 million, while Fidelityās FETH saw inflows of $39.26 million. Bitwiseās ETHW fund gained $15.96 million, and Franklin Templetonās EZET attracted $6.21 million. ETHV, QETH, and CETH reported neither inflows nor outflows on Friday.
The trading session on July 26 saw a total outflow of $162.67 million, resulting in net cumulative outflows of $341.35 million. Today, the nine ether ETFs collectively hold approximately $9.24 billion, primarily due to the rise in ETHās price. This amount represents 2.36% of ETHās market valuation this weekend.
What do you think about the spot ethereum ETF action on Friday? Share your thoughts and opinions about this subject in the comments section below.
Bitcoin.com News is seeking a News Writer to produce daily content on cryptocurrency, blockchain, and the digital currency ecosystem. If you are interested in becoming a key member of our innovative global team, apply here.
