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

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.