Spot Ethereum ETFs experience $39 million in net outflows, ending three-day streak of positive flows

U.S. spot Ethereum exchange-traded funds saw $39.21 million leave the products on Thursday, ending their three-day positive flow streak.

The Grayscale Ethereum Trust (ETHE) continued to experience outflows, with $42.52 million exiting 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 on Thursday after posting moderate $2.26 million net inflows the previous day.

Fidelity’s FETH recorded net inflows of $2.54 million, and BlackRock’s ETHA saw $770,350 flowing into the fund. The other remaining ETFs logged zero flows.

On Thursday, the total daily volume of the nine ETFs reached $240.58 million, much higher than $155.91 million on Wednesday and $190.76 million on Tuesday.

Spot bitcoin ETFs experienced mild inflows

Meanwhile, the 12 spot bitcoin ETFs in the U.S. recorded moderate inflows of $11.11 million on Thursday, compared to net outflows of $81.36 million the day before.

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

Grayscale’s GBTC was the only ETF to report negative flows, with $25.03 million leaving the fund. This extended its outflow streak to the 11th day.

Fidelity’s FBTC saw the largest inflows of the day, with $16.25 million. The Grayscale Mini Trust (BTC) followed with $13.66 million in net inflows, and Bitwise’s BITB recorded inflows of $6.23 million.

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

Bitcoin edged down 0.37% in the past 24 hours to trade at $58,161 at the time of writing. Ether lost 2.31% to change hands at 2,589, according to The Block’s price page.