Home » Altcoins » Ethereum ETFs See $39M Outflow, Bitcoin ETFs Gain $11M

Ethereum ETFs See $39M Outflow, Bitcoin ETFs Gain $11M

16.08.2024 14:00 1 min. read Alexander Stefanov
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Ethereum ETFs See $39M Outflow, Bitcoin ETFs Gain $11M

On Thursday, U.S. spot Ethereum ETFs saw a $39.21 million outflow, ending a three-day streak of positive inflows.

The Grayscale Ethereum Trust (ETHE) experienced the largest outflow of $42.52 million. It was the only Ethereum ETF to report a decrease in assets that day, according to Farside data.

Meanwhile, the Grayscale Ethereum Mini Trust saw no movement, having had modest inflows of $2.26 million the previous day. Fidelity’s FETH saw $2.54 million in inflows, and BlackRock’s ETHA received $770,350. Other Ethereum ETFs reported no changes.

The total trading volume for Ethereum ETFs reached $240.58 million, an increase from the previous days.

On the flip side, spot Bitcoin ETFs in the U.S. had a positive day with $11.11 million in inflows, reversing the previous day’s outflows of $81.36 million.

BlackRock’s IBIT saw no new flows, following inflows on the two preceding days. Grayscale’s GBTC was the only Bitcoin ETF to see outflows, with $25.03 million exiting. Fidelity’s FBTC led with $16.25 million in inflows, followed by Grayscale Mini Trust and Bitwise’s BITB with $13.66 million and $6.23 million, respectively.

Bitcoin ETF trading volume hit $1.79 billion, up from $1.3 billion the day before.

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.

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