Ethereum

Bitcoin ETF

Million

Spot

Grayscale Bitcoin Trust

Spot Ethereum exchange-traded funds (ETFs) in the U.S. ended a nine-day outtrend with net inflows of $5.84 million on Wednesday.
<h2 id="spot-ethereum-etfs-see-5-8-million-inflows-breaking-nine-day-outflow-streak">Spot Ethereum ETFs See $5.8 Million Inflows, Breaking Nine-Day Outflow Streak</h2>
Data from SoSoValue reveals that the Grayscale Ethereum Trust (ETHE) experienced a daily net outflow of $3.81 million, but this was more than offset by inflows into other funds.
Specifically, there was an inflow of $8.4 million into BlackRock’s spot Ethereum fund and $1.26 million into Fidelity’s FETH fund.
Despite the recent inflows, nine spot Ethereum ETFs recorded $151.57 million in trading volume on Wednesday, a significant difference compared to the approximately $900 million in volume seen in late July when these ETFs were first launched.
Overall, these funds have faced total net outflows of $475.48 million since their inception.
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In contrast, US spot Bitcoin ETFs continued to experience net outflows, with $105.19 million withdrawn on Wednesday.
The biggest outflows came from Ark and 21Shares’ ARKB, which withdrew $59.27 million. Fidelity’s FBTC and VanEck’s Bitcoin fund also reported outflows of $10.37 million and $10.07 million, respectively.
Other funds, including Bitwise’s BITB, Grayscale’s mini Bitcoin fund, and the larger Grayscale Bitcoin Trust (GBTC), collectively reported net outflows of around $8 million.
Interestingly, BlackRock’s IBIT, the largest spot Bitcoin ETF by net assets, and five other Bitcoin ETFs reported no flows during the day.
Despite these outflows, spot Bitcoin ETFs had a total trading volume of $2.18 billion on Wednesday, compared with $1.2 billion the day before.
*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/us-spot-ethereum-exchange-traded-funds-etfs-end-9-day-out-streak-here-are-the-details/" rel="noopener noreferrer nofollow">US Spot Ethereum Exchange Traded Funds (ETFs) End 9-Day Out-Streak! Here Are the Details</a>

US Spot Ethereum Exchange Traded Funds (ETFs) End 9-Day Out-Streak! Here Are the Details

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