Ethereum ETFs Experience Net Outflows

The nine U.S. spot Ethereum exchange-traded funds recorded $152.3 million in net outflows on Thursday, marking their third consecutive day of trading and extending outflows from the previous day.

The Grayscale Ethereum Trust (ETHE) was the only fund recording outflows among the ether funds, witnessing $346.22 million in net outflows, according to data from SosoValue.

However, the significant outflows were balanced by inflows from other funds. BlackRock’s ETHA led the inflows with $70.93 million, followed by Grayscale Ethereum Mini Trust’s $58.09 million, Fidelity FETH’s $34.32 million, and Bitwise ETHW’s $16.34 million in net inflows.

VanEck ETHV recorded $8 million, and Invesco’s QETH logged $6.24 million in net inflows. The other two spot ether ETFs managed by Franklin and 21Shares saw no flows on Thursday.

Overall, the $152.3 million outflows from the nine ether funds followed a previous day’s outflow of $133 million.

The total daily trading volume of the spot ether funds was around $860.8 million on Thursday, according to Yahoo Finance data compiled by The Block Pro Research, down from $1.05 billion on Tuesday and $944.6 million on Wednesday.

Spot Bitcoin ETFs Extend Inflows

In contrast, the 11 spot bitcoin ETFs in the U.S. experienced $31.16 million in net inflows on Thursday after $44.51 million on Wednesday.

BlackRock’s IBIT recorded $70.75 million in net inflows, while Grayscale’s GBTC saw $39.59 million leave the fund, according to SosoValue data. The remaining spot bitcoin ETFs recorded zero flows on Thursday.

The total daily trading volume for spot bitcoin funds reached $1.51 billion, slightly up from $1.5 billion on Wednesday but down from $2.34 billion on Tuesday.