- Grayscale’s ETH Trust saw significant outflows of $10.70M, contributing to a cumulative loss of $2.67B as prices fell by 6.02%.
- BlackRock’s Ethereum Strategy ETF reported a positive daily inflow of $4.72M despite a 6.08% drop in market price to $16.83.
- Total net assets across all ETH ETFs reads at $6.09B, accounting for 2.33% of Ethereum’s market cap.
As of September 6, the Ethereum (ETH) ETF market experienced notable fluctuations in net inflows and asset prices, reflecting a period of market uncertainty. The daily total net inflow for all listed ETH ETFs amounted to at negative value of -$5.98 million. This decline is part of a larger cumulative total net inflow of -$568.30 million.
Ethereum ETFs Trade $210.43M
According to SoSovalue, the total value traded in ETH ETFs was recorded at $210.43 million, demonstrating active trading and highlighting a market under pressure. The total net assets across these ETFs stood at $6.09 billion, which accounts for 2.33% of Ethereum’s total market capitalization.
Source: SoSoValue
Breaking down the daily net flows of individual ETFs, the Grayscale Ethereum Trust (ETHE) was seen redeeming at—$10.70 million. Thus, it recorded a cumulative net outflow of -2.67 billion dollars.
This has left ETHE with total net assets of $3.91 billion, and its market price fell by 6.02% to $18.75. The ETF’s share of Ethereum’s market capitalization is 1.50%, with a relatively high fee ]structure of 2.50%.
ETHA Gains $4.72M, FETH Holds $290M
In contrast, the Ethereum Strategy ETF (ETHA) saw a positive daily net inflow of $4.72 million, reading its cumulative net inflow to $1.02 billion. ETHA’s market price dropped by 6.08% to $16.83, yet it managed to increase its net assets to $752.32 million. The ETF’s share of the Ethereum market remains at 0.29%, with a fee of 0.25%.
Other notable ETFs include Fidelity’s FETH, which saw no net inflows or outflows for the day, maintaining its net assets at $290.28 million and experiencing a 6.01% drop in market price to $22.22. The cumulative net inflow for FETH remains positive at $397.81 million. The smaller ETFs like ETHW by Bitwise and QETH by Invesco also reported negative price changes, though ETHW experienced a cumulative net inflow of $314.02 million.
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