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Home»ADOPTION NEWS»The US spot Ethereum ETF continued its negative outflow streak, recording a net outflow of $98.3 million.
ADOPTION NEWS

The US spot Ethereum ETF continued its negative outflow streak, recording a net outflow of $98.3 million.

By Crypto FlexsJuly 30, 20242 Mins Read
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The US spot Ethereum ETF continued its negative outflow streak, recording a net outflow of .3 million.
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Funds • July 30, 2024 1:21 AM EDT

Posted 1 minute earlier In ~

9th in the US Ethereum Ethereum

-1.37%
Exchange-traded funds (ETFs) continued their outflow streak for a fourth straight day on Monday, with $98.29 million flowing out.

Grayscale Ethereum Trust (ETHE) was the only Ether fund to see outflows, with a net outflow of $210.04 million. data From SosoValue. The ETF has seen hundreds of millions of dollars in daily outflows since it debuted last Tuesday.

BlackRock’s ETHA led the way with net inflows of $58.17 million, followed by Fidelity FETH with $24.82 million, VanEck ETHV with $10.91 million, and Bitwise ETHW with $10.45 million.

Grayscale Ethereum Mini Trust also saw net inflows of $4.9 million, while Franklin’s EZET saw $2.52 million. The other two spot ether ETFs managed by Invesco and 21Shares saw no inflows on Monday.

According to the data, the total daily trading volume of spot Ether ETFs reached $773.01 million on Monday, $933.86 million on Friday, and $955.85 million on Thursday.

Meanwhile, there are 11 spot Bitcoin ETFs in the United States. Experienced Net inflows on Monday were $124.13 million. BlackRock’s IBIT was the only fund to see net inflows on the day, with $205.62 million.

Grayscale GBTC saw a net outflow of $54.29 million, Bitwise’s BITB saw $21.3 million outflows from the fund, and Fidelity’s FBTC saw a net outflow of $5.89 million.

Total trading volume in spot Bitcoin ETFs increased to $2.68 billion on Monday, compared to $2.04 billion on Friday and $1.51 billion on Thursday.


Disclaimer: The Block is an independent media outlet providing news, research and data. As of November 2023, Foresight Ventures is the largest investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, influential and timely information on the cryptocurrency industry. Current financial disclosures are as follows:

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be legal, tax, investment, financial or other advice.

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