Volume decline on Ethereum side draws attention
On the Ethereum side, spot ether ETFs recorded their first day of generally no significant inflows or outflows on Friday. While spot ether ETFs recorded over $1 billion in transactions in their first two trading days on the market in July, volume has decreased significantly since then. According to SoSoValue data, the funds recorded a cumulative net outflow of $477.25 million since their inception.
The funds had just under $7 billion in total assets as of month-end. Grayscaleâs two funds, ETHE and ETH, are the largest, holding $5.4 billion of that amount, with other funds accounting for the rest of the total, with BlackRockâs ETHA the third-largest. Weekly outflow was $12.6 million across all spot ether funds.
