Ethereum ETFs Returned to Negative Results

On July 31, U.S. Ethereum ETFs returned to negative results with net outflows of $77.2 million, after registering only their second day of positive inflows since inception on July 30.

According to data from Farside, the Grayscale Ethereum Trust (ETHE) saw a significant one-day outflow of $133.3 million. In contrast, the Grayscale Ethereum Mini Trust (ETH) attracted inflows of $19.5 million, which is also the best result relative to all ETH ETFs.

On the other hand, BlackRock’s iShares Ethereum Trust (ETHA) saw inflows of $5 million, recording its weakest performance since inception, while Fidelity’s FETH garnered $18.8 million.

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Bitwise’s ETHW, 21 Shares’ CETH and VanEck’s ETHV attracted $4.7 million, $3.3 million and $4.8 million, respectively,

Overall, the most significant inflows year-to-date have come from BlackRock’s, Bitwise’s and Fidelity’s funds, which have attracted $623.2 million, $284.5 million and $279.4 million, respectively, since launch through July 30.

In contrast, the Grayscale-created Ethereum Trust suffered outflows of $1.997 billion over the same time period.

Kosta Gushterov