Spot Ethereum ETFs Hit by Outflows While Bitcoin ETFs Rebound

Spot Ethereum ETFs Hit See Major Outflows as Bitcoin ETFs Begin to Stabilize

Spot Ethereum ETFs Hit– On Thursday, U.S. spot Ethereum ETFs experienced a significant outflow, with $39.21 million exiting the products, ending a three-day streak of positive inflows. The Grayscale Ethereum Trust (ETHE) led the way, seeing a staggering $42.52 million leave the fund, according to data from SosoValue. This marked the only spot ether ETF to report outflows on that day.

In contrast, the Grayscale Ethereum Mini Trust (ETH), the second-largest spot ether ETF by net assets, reported no new flows on Thursday, following a modest $2.26 million in net inflows the previous day. Fidelity’s FETH saw net inflows of $2.54 million, while BlackRock’s ETHA attracted $770,350. The remaining Ethereum ETFs reported no significant activity.

Despite these outflows, the total daily trading volume for the nine Ethereum ETFs soared to $240.58 million on Thursday, up from $155.91 million on Wednesday and $190.76 million on Tuesday.

Bitcoin ETFs Show Resilience Amid Ethereum Outflows

Meanwhile, spot Bitcoin ETFs in the U.S. showed signs of recovery, with $11.11 million in net inflows on Thursday, a sharp contrast to the $81.36 million in net outflows recorded the previous day. BlackRock’s IBIT, the largest spot Bitcoin ETF by net assets, reported no new flows on Thursday, after welcoming $2.68 million on Wednesday and $34.55 million on Tuesday.

However, Grayscale’s GBTC continued its losing streak, with $25.03 million in outflows, marking its 11th consecutive day of losses. On the flip side, Fidelity’s FBTC saw the largest inflows among Bitcoin ETFs, with $16.25 million entering the fund. Grayscale Mini Trust (BTC) followed closely with $13.66 million, while Bitwise’s BITB recorded $6.23 million in inflows.

The total trading volume for these 12 Bitcoin ETFs reached $1.79 billion on Thursday, up from $1.3 billion on Wednesday, signaling a potential shift in market sentiment.

Key Insights:

Market Volume Surge: Total trading volume for Ethereum and Bitcoin ETFs increased significantly, indicating heightened market activity.

Grayscale Leads Ethereum ETF Outflows: Grayscale’s ETHE saw $42.52 million in outflows, the largest among Ethereum ETFs.

Bitcoin ETFs Bounce Back: Bitcoin ETFs recorded $11.11 million in inflows, led by Fidelity’s FBTC.