- Overall, U.S. spot Ethereum ETFs saw outflows of $79.21 million on Monday, the largest since July.
- Grayscale’s ETHE saw a significant outflow of $80.55 million on the same day.
- Spot Bitcoin ETFs saw modest inflows of $4.56 million, led by Fidelity’s FBTC.
On Monday, US spot Ethereum ETFs experienced their largest daily outflows since late July, totaling $79.21 million. The significant decline was largely led by the Grayscale Ethereum Trust (ETHE), which saw an outflow of $80.55 million, its largest outflow since July 31.
According to data from Sosovalue, the only Ethereum ETF to report outflows on the day was ETHE, showing that the asset class is struggling.
In contrast, Bitwise’s ETHW recorded a small inflow of $1.34 million, while the other seven spot Ethereum ETFs did not see any significant movement.
The total trading volume of the nine Ethereum ETFs reached $167.35 million, up from $139.47 million on Friday. This increase in volume indicates that investor activity in the Ethereum ETF space remains notable despite the outflows.
Meanwhile, spot Bitcoin ETFs fared better, with $4.56 million in inflows on the same day. This marks the third consecutive day of inflows, led by Fidelity’s FBTC, which attracted $24.93 million. BlackRock’s IBIT, the largest Bitcoin ETF by net assets, also saw positive activity, with $11.54 million in inflows.
However, Grayscale’s Bitcoin Trust (GBTC) was the only spot Bitcoin ETF to see losses on Monday, recording $40.33 million in outflows.
With the cryptocurrency markets fluctuating, Bitcoin fell 1.1% to around $63,122, while Ether fell 1.32% to around $2,627, highlighting the volatility of digital asset investing. Investors will be watching closely to see how these trends evolve over the coming days.