General inflow trend from ETH ETF issuers
Generally, other asset managers continued their pattern of zero inflows as institutional investors did not take interest in them. These include Bitwise (ETHW), 21Shares (CETH), VanEck (ETHV), Invesco (QETH), Grayscale Mini Trust (ETH) and Franklin Templeton (EZET). All six asset managers suffered three consecutive days of zero inflows.
Grayscale (ETHE), on the other hand, witnessed massive outflows of $8.4 million. This marked ETHE’s second consecutive outflow, as it had suffered a $19.2 million loss the previous day. Some analysts have attributed Grayscale's reoccurring outflows to its high transaction fees.
Ethereum ETF market in red zone
Grayscale’s outflow of $8.4 million dragged the Ethereum ETF into the red zone. The regulated Ethereum fund posted a net outflow of $1.1 million.
Fidelity’s record shows that on Oct. 10, the asset manager recorded an outflow of $3.5 million. Since then, Fidelity has stayed consistent, with inflows or zero flows overall. Market watchers remain interested in Fidelity's performance and whether it can sustain positive inflows.