US spot Ethereum ETFs saw $33.6 million in net inflows, ending negative flow streak
Quick Take
- The nine spot ether ETFs saw $33.67 million flow into the funds on Tuesday.
- Grayscale’s ETHE, however, continued to record net outflows, making it the only fund among the group to log negative flows.
The nine U.S. spot Ethereum exchange-traded funds saw net inflows of $33.67 million on Tuesday, ending a four-day streak of negative flows.
The Grayscale Ethereum Trust (ETHE) was the only spot ether ETF to log negative flows, with $120.28 million in net outflows, according to data from SosoValue. The ETF has experienced outflows every day since its debut on July 23.
That was offset by inflows led by BlackRock’s ETHA, which recorded $117.98 million in net inflows. Fidelity’s FETH saw $16.36 million flow into the fund, while the Grayscale Ethereum Mini Trust recorded $12.36 million in net inflows.
Franklin’s EZET also reported net inflows of $3.73 million, and Bitwise’s ETHW logged $3.52 million in net inflows. The three other spot ether ETFs saw zero flows.
The total daily trading volume of these spot ether products amounted to $563.22 million on Tuesday, down from $773.01 million on Monday and $933.86 million on Friday.
Spot bitcoin ETFs experience outflows
Meanwhile, the 11 spot bitcoin ETFs in the U.S. experienced net outflows of $18.3 million on Tuesday following four straight days of positive flows, according to SosoValue data.
BlackRock’s IBIT saw $74.87 million flow into the fund, making it the only spot bitcoin ETF to record net inflows.
Grayscale’s GBTC recorded the largest outflows among the funds, with $73.6 million in net outflows. Ark and 21Shares’ ARKB followed with net outflows of $7.88 million, along with VanEck HODL’s $5.58 million, Bitwise BITB’s $3.23 million and Fidelity FBTC’s $2.88 million in net outflows.
The spot bitcoin ETFs experienced a total daily trading volume of $1.37 billion on Tuesday, compared to $2.68 billion on Monday and $2.04 billion on Friday.
Bitcoin slid 1.71% over the past 24 hours to change hands at around $65,520 at the time of writing, while ether traded down 1.36% to $3,265, according to The Block’s price page. The overall crypto market was down 1.42%.
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