US Ethereum ETFs See Continued Outflows Led by Grayscale's ETHE
On Thursday, U.S. spot ethereum exchange-traded funds (ETFs) experienced another day of net outflows, with Grayscale’s Ethereum Trust (ETHE) leading the way. According to sosovalue.xyz, the nine ETFs saw a collective exit of $152.3 million during Thursday’s trading sessions.
Grayscale ETHE’s Third Day of Outflows Contributes to $178M Negative Net Inflow
Grayscale’s ETHE marked its third consecutive day of outflows on Thursday, divesting $346.22 million. Since the launch of these ETFs, ETHE has reduced its holdings by a staggering $1.16 billion. In contrast, six ETFs recorded inflows, with Blackrock’s ETHA leading the charge by attracting $70.93 million in inflows during Thursday’s sessions.
Grayscale’s Mini Ethereum Trust (ETH) followed closely, amassing $58.09 million. Fidelity’s FETH saw inflows of $34.32 million, while Bitwise’s ETHW logged $16.34 million. Vaneck’s ETHV absorbed $8 million, and Invesco’s QETH recorded around $6.24 million in gains. Meanwhile, Franklin Templeton’s EZET and 21shares’ CETH remained neutral, with neither outflows nor inflows.
Due to the significant outflows primarily from ETHE over the last two days, the cumulative total net inflow remains negative, down by $178.68 million as of Friday morning. The ETFs collectively hold just under $9 billion in total ETH reserves, with their portfolios valued at approximately $8.97 billion, representing 2.36% of ETH’s overall market capitalization.
The continued outflows from Grayscale’s ETHE have significantly impacted the overall net inflows for U.S. Ethereum ETFs, despite gains recorded by other funds. As these trends develop, the market will be closely watching to see if inflows can regain momentum and stabilize the overall holdings in these ETFs.
