-ETH ETF FLOW-
Spot Ether exchange-traded funds (ETFs) based in the United States have recorded five consecutive days of negative flows, the longest continuous period of outflows since their launch on July 23.
The majority of the investments made by the nine recently approved spot Ether ETFs were overshadowed by outflows from the Grayscale Ethereum Trust (ETHE), which had more than $2.5 billion as of August 21.
According to Farside Investors data, outflows from ETHE occurred in every session except August 12, when the Grayscale fund remained neutral.
Spot Ether ETFs experienced their longest outflow streak, losing $92.2 million in the five days between August 15 and 21.
-Grayscale Pressure Continues-
Grayscale’s ETHE saw $158.6 million in outflows during this period. However, similar inflows from BlackRock’s iShares Ethereum Trust ETF (ETHA), Fidelity Ethereum Fund (FETH), and Bitwise Ethereum ETF (ETHW) helped reduce the loss.
In contrast, Grayscale Ethereum Mini Trust (ETH) has not reported any outflows since its listing. The mini fund is reporting positive inflows of $231.9 million.
ETHA became the first spot Ether ETF to record net inflows of $1 billion on August 20. In total, net inflows from spot Ether ETFs are currently negative $458.5 million.
