On Monday, there was a total outflow of $98.29 million from nine US-based spot Ethereum exchange-traded funds (ETFs). This marks the fourth day of the negative flow streak.
According to SosoValue data, Grayscale Ethereum Trust (ETHE) was the only ether fund to experience a net outflow, recording a net outflow of $210.04 million. This ETF experienced daily outflows of hundreds of millions of dollars starting last Tuesday.
BlackRock's ETHA fund stands out with a net inflow of $58.17 million, Fidelity's FESH fund $24.82 million, VanEck's ETHV fund $10.91 million and Bitwise's ETHW fund $10.45 million net. provided entry.
Franklin's EZET fund recorded a net inflow of $2.52 million, while Grayscale Ethereum Mini Trust recorded a net inflow of $4.9 million. On the other hand, two spot Ethereum ETFs managed by Invesco and 21Shares showed zero flows on Monday.
According to the data, the total daily trading volume of spot Ethereum ETFs on Monday was $773.01 million. This figure was at $933.86 million on Friday and $955.85 million on Thursday.
On the same day, 11 spot Bitcoin ETFs traded in the US experienced a total net inflow of $124.13 million. BlackRock's IBIT fund stood out on its own with a net inflow of $205.62 million.
On the other hand, Grayscale's GBTC fund recorded a net outflow of $54.29 million, while Bitwise's BITB fund had a net outflow of $21.3 million and Fidelity's FBTC fund had a net outflow of $5.89 million.
On Monday, the total trading volume of spot Bitcoin ETFs rose to $2.68 billion. This is above trading volumes of $2.04 billion on Friday and $1.51 billion on Thursday.
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I EXPLAIN IN DETAIL.
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