US spot Ethereum ETFs see fund outflows for an ‘eighth straight day’
- The US spot Ethereum ETF market has fallen into a deep slump, logging net outflows for eight consecutive trading sessions.
- Over the period, the 10 US spot Ethereum ETFs saw total net outflows of $48.54 million, reducing cumulative net inflows from $11.9 billion to around $11.52 billion.
- BlackRock’s ETHA saw $70.80 million in withdrawals, with outflows also continuing from Fidelity’s FETH and Grayscale’s ETH, while only BlackRock’s ETHB recorded net inflows of $39.86 million.
Forecast Trend Report by Period
The US spot Ethereum exchange-traded fund (ETF) market has fallen into a deep slump, posting net outflows for eight consecutive trading sessions.
According to SosoValue on the 27th (local time), a total of $48.54 million flowed out of the 10 spot Ethereum ETFs trading in the United States. That marks an eight-session streak of negative flows since the 18th. Over the period, cumulative net inflows shrank from $11.9 billion to around $11.52 billion.
By fund, BlackRock’s iShares Ethereum Trust (ETHA) saw the largest withdrawal at $70.80 million. Outflows also continued from Fidelity (FETH, -$8.92 million) and Grayscale (ETH, -$8.68 million). Another BlackRock product, ETHB, posted net inflows of $39.86 million. The remaining seven products, including Bitwise (ETHW) and VanEck (ETHV), recorded no net inflows or outflows.
