Spot Ethereum Inflows and Bitcoin Outflows

Spot Ethereum (ETH) exchange-traded funds (ETFs) in the U.S. experienced daily net inflows of $5.84 million on Wednesday, breaking a nine-day streak of outflows.

The Grayscale Ethereum Trust (ETHE) had a net outflow of $3.81 million, offset by $8.4 million in inflows into BlackRock’s spot ether fund and $1.26 million into Fidelity’s FETH, according to SoSoValue data.

On Wednesday, the nine spot ether ETFs generated $151.57 million in trading volume, significantly lower than the ~$900 million seen in late July at their launch. Total net outflows for the funds stand at $475.48 million.

Spot Bitcoin ETFs Continue Outflows

Conversely, U.S. spot bitcoin ETFs reported net outflows, totaling $105.19 million on Wednesday.

The Ark and 21Shares ARKB fund led the outflows with $59.27 million. Fidelity’s FBTC saw outflows of $10.37 million, while VanEck’s fund recorded outflows of $10.07 million. Bitwise’s BITB, Grayscale’s mini bitcoin trust, and Grayscale’s GBTC each reported around $8 million in net outflows. BlackRock’s IBIT—the largest spot bitcoin ETF by net assets—along with five other bitcoin ETFs reported zero flows for the day.

On Wednesday, U.S. spot bitcoin funds recorded a total trading volume of $2.18 billion, up from $1.2 billion on Tuesday. Since January, these funds have accumulated $17.85 billion in net inflows.

Bitcoin (BTC) traded down 0.21% over the past 24 hours to $59,369, while ether gained 2.25% to reach $2,537, according to The Block’s price page.