US Spot Ethereum ETFs Recorded $133 Million Outflows On The Second Day Of Trading
US spot Ethereum ETFs generated around $951 million in trading volume, down from Tuesday's $1.05 billion
United States spot Ethereum exchange-traded funds (ETFs) have recorded net outflows of $113.3 million on their second trading day, largely due to withdrawals from Grayscale’s Ethereum Trust (ETHE).
Despite recent trends, various Ethereum ETFs have seen substantial inflows. Fidelity's FETH topped the list with $74.46 million, followed by Grayscale Ethereum Mini Trust at $45.93 million, Bitwise ETHW at $29.64 million, and VanEck ETHV at $19.84 million. BlackRock's ETHA experienced $17.44 million in net inflows, which dropped from the previous Tuesday's $266.55 million.
In contrast, spot Bitcoin ETFs experienced inflows, with 11 U.S. funds seeing about $44.51 million on Wednesday. Grayscale’s GBTC was the only Bitcoin ETF with negative flows, recording $26.22 million in net outflows. BlackRock’s IBIT led Bitcoin inflows with $65.99 million, followed by Ark and 21Shares ARKB with $3.29 million and Fidelity FBTC with $1.44 million.
On Wednesday, the spot Ethereum ETFs generated around $951 million in trading volume, down from Tuesday's $1.05 billion. The total net inflows for the nine funds on Tuesday amounted to $106.78 million.
Ethereum's price has fallen by 8.24% in the last 24 hours to approximately $3,158, while Bitcoin has decreased by 3% to $63,901. These declines are occurring as investors evaluate the effects of the recent Mt. Gox transfers.
