Here’s How Ethereum ETFs Performed in Their First Week

On July 29, U.S. ethereum ETFs saw net outflows of $983 million, the fourth consecutive day of negative results.

According to data from Farside, the Grayscale Ethereum Trust (ETHE) saw a significant one-day outflow of $210 million. In contrast, the Grayscale Ethereum Mini Trust (ETH) attracted inflows of $4.9 million.

On the other hand, BlackRock’s iShares Ethereum Trust (ETHA) saw inflows of $58.2 million, while Fidelity’s FETH garnered $24.8 million.

Overall, Ethereum ETFs saw outflows of $340 million in the first week of trading ending July 26. Adding in Monday’s outflows brings the total to $440.1 million.

This period was characterized by investor withdrawals from legacy high-fee products converted to exchange-traded funds.

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Here’s How Ethereum ETFs Performed in Their First Week

The most significant inflows were into the BlackRock, Bitwise and Fidelity funds, which attracted $500.2 million, $276 million and $244 million, respectively, from launch through July 30.

In contrast, the Grayscale-created Ethereum Trust suffered outflows of $1.723 billion over the same time period.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.