- U.S. spot Ethereum ETFs saw $98.29 million in outflows on Monday, marking their fourth consecutive day of negative flows.
- BlackRock’s IBIT led Bitcoin ETF inflows with $205.62 million, contributing to a total daily trading volume increase to $2.68 billion.
- BlackRock’s ETHA led Ethereum ETF inflows with $58.17 million, while Grayscale’s ETHE recorded the highest outflows at $210.04 million.
The nine U.S. spot Ethereum exchange-traded funds (ETFs) faced significant outflows on Monday. They saw a collective $98.29 million flow out, marking the fourth consecutive day of negative flows. Grayscale Ethereum Trust (ETHE) recorded the highest outflows among these funds, with $210.04 million in net outflows, continuing its trend of continuous outflows since its debut last Tuesday.
Mixed Performance for Bitcoin ETFs
Conversely, the spot Bitcoin ETFs showed mixed results. The total daily trading volume for these Bitcoin ETFs increased to $2.68 billion on Monday. This was a notable rise from $2.04 billion on Friday and $1.51 billion on Thursday. BlackRock’s IBIT led the inflows with $205.62 million, making it the only Bitcoin fund to record net inflows on the day.
Grayscale GBTC, however, logged $54.29 million in net outflows. Bitwise’s BITB saw $21.3 million flow out, and Fidelity’s FBTC recorded $5.89 million in net outflows. Despite these outflows, the overall market activity for Bitcoin ETFs remained robust.
Ethereum ETFs See Selective Inflows
Among the Ethereum ETFs, BlackRock’s ETHA led the inflows with $58.17 million. It was followed by Fidelity’s FETH with $24.82 million and VanEck’s ETHV with $10.91 million. Bitwise’s ETHW also showed positive performance with $10.45 million in net inflows.
Moreover, the Grayscale Ethereum Mini Trust recorded $4.9 million in net inflows. Franklin’s EZET logged $2.52 million. However, the two other spot Ethereum ETFs managed by Invesco and 21 Shares saw no flows on Monday.
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Comparative Market Volumes
The total daily trading volume for the spot Ethereum ETFs amounted to $773.01 million on Monday. This was lower compared to $933.86 million on Friday and $955.85 million on Thursday.
Despite the mixed performances, both Ethereum and Bitcoin ETFs showed active market engagement, indicating investor interest and activity.
The recent trends in ETF inflows and outflows highlight a dynamic market scenario. While Ethereum ETFs continue to face outflows, Bitcoin ETFs show varied results with notable inflows for BlackRock’s IBIT. The trading volumes indicate sustained investor engagement, reflecting ongoing interest in cryptocurrency investments.
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