According to data from financial information platform Farside Investors, a total of $19.2 million worth of funds flowed out of US ETH spot ETFs on Monday. This outflow was primarily driven by Grayscale ETHE, which experienced $19.2 million in outflows. No other ETFs experienced any net inflows or outflows during the same period. The reason behind the outflows are not currently clear, but it could be due to a number of factors, including the recent decline in the price of Ether (ETH) and the overall uncertainty surrounding cryptocurrency markets. This news comes just a few weeks after the launch of the first US Bitcoin spot ETF. The Bitcoin ETF has been a major success, attracting over $1 billion in inflows in its first week of trading. However, the ETH ETF has not seen the same level of success, and the outflows on Monday suggest that investors are still cautious about investing in ETH spot ETFs.
US ETH Spot ETF Sees a Significant $19.2 Million Outflow on Monday
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