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Ethereum ETFs See $39M Outflow, Bitcoin ETFs Gain $11M

Ethereum ETFs See $39M Outflow, Bitcoin ETFs Gain $11M

Cryptodnes2024/08/16 11:42
By:Cryptodnes

On Thursday, U.S. spot Ethereum ETFs saw a $39.21 million outflow, ending a three-day streak of positive inflows.

The Grayscale Ethereum Trust (ETHE) experienced the largest outflow of $42.52 million. It was the only Ethereum ETF to report a decrease in assets that day, according to Farside data .

Meanwhile, the Grayscale Ethereum Mini Trust saw no movement, having had modest inflows of $2.26 million the previous day. Fidelity’s FETH saw $2.54 million in inflows, and BlackRock’s ETHA received $770,350. Other Ethereum ETFs reported no changes.

The total trading volume for Ethereum ETFs reached $240.58 million, an increase from the previous days.

READ MORE:
Ethereum May Be Nearing a Bottom Against Bitcoin, Analyst Suggests

On the flip side, spot Bitcoin ETFs in the U.S. had a positive day with $11.11 million in inflows, reversing the previous day’s outflows of $81.36 million.

BlackRock’s IBIT saw no new flows, following inflows on the two preceding days. Grayscale’s GBTC was the only Bitcoin ETF to see outflows, with $25.03 million exiting. Fidelity’s FBTC led with $16.25 million in inflows, followed by Grayscale Mini Trust and Bitwise’s BITB with $13.66 million and $6.23 million, respectively.

Bitcoin ETF trading volume hit $1.79 billion, up from $1.3 billion the day before.

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