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Home»ADOPTION NEWS»US Spot Ethereum ETF Records Net Buys of $133 Million for Second Trading Day
ADOPTION NEWS

US Spot Ethereum ETF Records Net Buys of $133 Million for Second Trading Day

By Crypto FlexsJuly 25, 20242 Mins Read
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US Spot Ethereum ETF Records Net Buys of 3 Million for Second Trading Day
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9th in the US Ethereum Ethereum

-7.95%
Exchange-traded funds (ETFs) saw net outflows of $133.16 million on Wednesday, the second day of trading, reversing Tuesday’s positive trend.

Grayscale Ethereum Trust (ETHE) had net outflows of $326.86 million, making it the only Ether fund to see outflows. data In SosoValue.

Fidelity’s FETH saw the largest inflows with $74.46 million in net inflows, followed by Grayscale Ethereum Mini Trust with $45.93 million, Bitwise ETHW with $29.64 million, and VanEck ETHV with $19.84 million.

BlackRock’s ETHA recorded net inflows of $17.44 million on Tuesday, compared to $266.55 million in inflows on Tuesday.

The Spot Ether ETFs created are: Trading volume: $951 million According to Yahoo Finance data, the first trading day collected by The Block Pro Research, the nine funds had $1.05 billion in assets on Wednesday, compared with $1.05 billion on Tuesday. Net inflow: $167.8 million On Tuesday.

Spot Bitcoin ETFs are seeing inflows.

Meanwhile, 11 spot Bitcoin ETFs in the U.S. saw inflows of about $44.51 million on Wednesday, according to SosoValue. dataGrayscale’s GBTC was the only Bitcoin ETF to record negative flows, with net outflows of $26.22 million.

BlackRock’s IBIT recorded net inflows of $65.99 million, making it the largest Bitcoin fund, followed by Ark and 21Shares with $3.29 million each, and Fidelity FBTC with $1.44 million.

Ether is down 8.24% over the last 24 hours, trading at around $3,158 at the time of writing. Price page of the block. Bitcoin Bitcoin

-2.59%
Investors were down 3% at $63,901. Continue to measure weight The impact of recent Mt. Gox transfers and macro developments.

The U.S. stock market has been on an upward trend for several weeks. low Wednesday. The Nasdaq Composite fell 3.6%, its worst day since October 2022, while the S&P 500 fell 2.3%, its worst day since December 2022.


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, impactful and timely information on the cryptocurrency industry. Below are the current financial disclosures.

© 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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