U.S. Spot Ethereum ETFs Experience Outflows

U.S. spot Ethereum (ETH) exchange-traded funds saw $39.21 million exit the products on Thursday, breaking a three-day positive flow streak.

The Grayscale Ethereum Trust (ETHE) continued to face outflows, with $42.52 million leaving the fund, according to data from SosoValue. It was the only spot ether ETF to report outflows on Thursday.

The Grayscale Ethereum Mini Trust (ETH), the second-largest spot ether ETF by net assets, reported no flows after a moderate $2.26 million in net inflows the previous day.

Fidelity’s FETH recorded net inflows of $2.54 million, and BlackRock’s ETHA experienced $770,350 in inflows. Other remaining ETFs logged zero flows.

On Thursday, the total daily volume of the nine ETFs reached $240.58 million, significantly up from $155.91 million on Wednesday and $190.76 million on Tuesday.

Spot Bitcoin ETFs Experience Modest Inflows

Concurrently, the 12 U.S. spot bitcoin ETFs recorded moderate inflows of $11.11 million on Thursday, a rebound from net outflows of $81.36 million the day prior.

BlackRock’s IBIT, the largest spot bitcoin ETF by net assets, saw zero flows after previous net inflows of $2.68 million on Wednesday and $34.55 million on Tuesday.

Grayscale’s GBTC was the only ETF reporting negative flows, with $25.03 million exiting the fund, extending its outflow streak to the 11th day.

Fidelity’s FBTC recorded the day’s largest inflows at $16.25 million, followed by the Grayscale Mini Trust ( BTC +2.75% ) with $13.66 million in net inflows, and Bitwise’s BITB with $6.23 million.

The total trading volume of these spot bitcoin ETFs reached $1.79 billion on Thursday, compared to $1.3 billion on Wednesday.

At the time of writing, Bitcoin was down 0.37% over the last 24 hours, trading at $58,161, while Ether lost 2.31%, trading at $2,589, according to The Block’s price page.