- U.S. Ethereum Spot ETFs saw a $15 million outflow, continuing a trend of cumulative net withdrawals at $420.11 million.
- Grayscale’s ETHE remains the largest Ethereum ETF despite outflows, with a 2.73% price increase and $4.89 billion in net assets.
- BlackRock’s ETHA and Fidelity’s FETH showed positive inflows, with prices rising above 2.79%.
The Ethereum Exchange-Traded Fund (ETF) market has displayed mixed movements in the market activity. While some funds have attracted new capital, others have recorded outflows in their daily records.
Divergent Performance Among Ethereum ETFs
Recent data from SosoValue shows that the daily net inflow for U.S. Ethereum Spot ETFs is notably negative, with a total outflow of $15 million. This has continued the broader trend, as the cumulative net inflow reads at a negative of $420.11 million. These numbers show a sustained withdrawal of capital from Ethereum ETFs, possibly due to ongoing concerns about the broader cryptocurrency market.
Source: SosoValue
Despite the overall outflow, the total value traded across Ethereum ETFs was $185.03 million, indicating robust trading activity. This level of engagement, combined with the total net assets of $7.35 billion, has accounted for 2.34% of the total Ethereum market cap.
Grayscale’s ETHE on the NYSE emerged as a focal point among the individual ETFs. The ETF saw a daily outflow of $27.74 million, leading to an outflow of $2.41 billion. Despite these withdrawals, ETHE remains the largest Ethereum ETF by net assets, holding $4.89 billion. The fund also experienced a 2.73% price increase.
ETH ETF, also from Grayscale but with a different structure, saw no net inflow on August 16 but has accumulated $222.92 million in inflows over time. With $951.05 million in net assets, ETH posted a 2.90% price gain, reflecting market confidence in its stability.
Positive Inflows and Market Sentiment
Other ETFs, such as BlackRock’s ETHA and Fidelity’s FETH, recorded positive daily inflows of $10.33 million and $7.21 million, respectively. These funds have accumulated significant inflows over time, with ETHA at $977.62 million and FETH at $367.50 million in net assets. Both ETFs saw their prices rise by nearly 2.8%, further signaling investor confidence.
Bitwise’s ETHW also showed positive performance, maintaining its value with no new inflows but a cumulative net inflow of $305.19 million. Its price appreciated by 2.90%, reflecting the broader bullish sentiment.
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