Ethereum

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Reported by The Block: U.S. spot ether ETFs returned to net inflows following nine days of negative flows. Spot ether ETFs recorded $5.84 million in net inflows on Wednesday, while spot bitcoin ETFs saw $105.19 million leave the funds.
Spot Ethereum exchange-traded funds in the U.S. reported daily net inflows of $5.84 million on Wednesday, ending a nine-day streak of outflows.
The Grayscale Ethereum Trust (ETHE) recorded a daily net outflow of $3.81 million, countered by inflows of $8.4 million into BlackRock’s spot ether fund and $1.26 million into Fidelity’s FETH, SoSoValue data showed.
The nine spot ether ETFs saw $151.57 million in trading volume on Wednesday, remaining significantly lower than late July’s volumes of around $900 million when they first started trading. The funds have accumulated total net outflows of $475.48 million.
Spot bitcoin ETFs continued to record outflows Meanwhile, spot bitcoin ETFs in the U.S. extended their net outflows on Wednesday, reporting $105.19 million.
Ark and 21Shares’ ARKB led the outflows with $59.27 million. Fidelity’s FBTC saw outflows of $10.37 million, and VanEck’s fund recorded $10.07 million in outflows.
Bitwise’s BITB, Grayscale’s mini bitcoin trust and Grayscale's GBTC also reported net outflows of around $8 million. BlackRock’s IBIT, the largest spot bitcoin ETF by net assets, and five other bitcoin ETFs reported zero flows for the day.
The U.S. spot bitcoin funds saw a total trading volume of $2.18 billion on Wednesday, compared to $1.2 billion on Tuesday. Since January, they have accumulated $17.85 billion in net inflows.

Spot Ethereum ETFs end nine-day outflow streak with $5.8 million in net inflows

TokenInsight

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