Ethereum ETFs Experience Significan Outflows as ETH Price Struggles

Ethereum fell below $3,200 earlier today as recent ETH exchange-traded funds (ETFs) experienced significant outflows.

Over the past 24 hours, other major cryptocurrencies, such as Bitcoin and Solana, also saw declines.

Ethereum’s price dropped by over 8%, bringing it down to around $3,160, while Bitcoin decreased by 3.4% in the same timeframe. Overall, the crypto market’s total capitalization fell by more than 4.42%, reaching $2.31 trillion.

The outflow from ETH ETFs was substantial, with $133 million leaving the market on July 24, despite a total trading volume of $1.05 billion. Grayscale ETH Trust ETF (ETHE) saw $327 million in outflows, while its mini ETF experienced a $46 million inflow.

READ MORE:

Here’s Which Altcoins Are Dominating Wallet Counts and User Engagement

Fidelity’s Ethereum ETF (FETH) led the inflows with $74.4 million, and Bitwise Ethereum ETF (ETHW) had an inflow of $29.64 million. The total net asset value of ETH spot ETFs was $9.54 billion.

The impact of these new investment products has been notable, with ETH’s price down 16% over the past 60 days. As of now, ETH trades at approximately $3,172, with a 24-hour trading volume of $22.2 billion.

Alexander Stefanov

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.