$ETH

The positive flow in spot Ethereum ETFs over the last three days ended with a net outflow of $39 million on Thursday. This has caused curiosity and concern among investors. In this period of high volatility, sudden increases and fluctuations can cause investors to re-evaluate their strategies.

Grayscale Ethereum Trust (ETHE), which plays a major role in the cryptocurrency market, experienced an outflow of more than $ 42 million on Thursday. This shows that the fund's recent outflow streak continues. Grayscale Ethereum Trust stood out as the only spot Ethereum ETF to report net outflows during the day. On the other hand, Grayscale Ethereum Mini Trust (ETH) did not show any movement on Thursday after making a modest inflow of $ 2 million the day before.

Fidelity’s FETH fund, one of the major players in the market, provided a net inflow of $2.5 million, while approximately $770,000 was transferred to BlackRock’s ETHA fund. These funds continue to maintain investor interest despite market fluctuations.

On Thursday, the trading volume of a total of nine spot Ethereum ETFs exceeded $240 million on Thursday, compared to $155 million on Wednesday. In contrast to this fluctuation on the Ethereum side, spot Bitcoin ETFs experienced a slight positive flow on Thursday. 12 different spot Bitcoin ETFs reported a net inflow of over $11 million in total. This figure was considered a positive development, although it remained relatively low compared to the outflow of $81 million the day before.

Fidelity’s FBTC fund saw the biggest inflow of the day, rising by $16 million. Grayscale Mini Trust saw net inflows of over $13 million, with total daily trading volume of $1.79 billion.

These divergent trends between Ethereum and Bitcoin ETFs require investors to re-evaluate their preferences and the overall dynamics of the market. Large outflows on the Ethereum side and modest inflows on Bitcoin can play an important role in the strategic decisions of market players.

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