US spot Ethereum ETFs see largest outflows since late July
Spot ether ETFs saw $79.2 million in net outflows on Monday, with Grayscale’s ETHE recording outflows of $80.5 million. Spot bitcoin ETFs, meanwhile, experienced modest inflows of $4.5 million on Monday.
U.S. spot Ethereum ETH -0.69% exchange-traded funds recorded net outflows of $79.21 million on Monday, marking their largest daily outflows since July 29.
The Grayscale Ethereum Trust (ETHE) saw $80.55 million flow out of the fund on Monday, representing its largest outflow since July 31, according to Sosovalue data . It was the only spot ether ETF to record outflows yesterday.
Bitwise’s ETHW reported net inflows of $1.34 million, while the seven other spot ether ETFs logged zero flows.
The total trading volume of these nine ETFs reached $167.35 million on Monday, up from $139.47 million on Friday.
Bitcoin ETFs saw modest inflows
Meanwhile, spot bitcoin ETFs in the U.S. recorded net inflows of $4.56 million on Monday, extending their streak of inflows to three days.
Fidelity’s FBTC saw the largest inflows among the ETFs, with $24.93 million flowing into the product. BlackRock’s IBIT, the largest spot bitcoin ETF by net assets, experienced $11.54 million in net inflows, and Grayscale’s BTC -0.57% logged inflows of $8.42 million.
Grayscale’s GBTC reported $40.33 million in net outflows after recording no flows during the previous two trading days. GBTC was the only spot bitcoin ETF to see outflows on Monday.
The 12 spot bitcoin ETFs’ total trading volume shrank to $949.72 million on Monday, compared to $980.57 million on Friday.
The price of bitcoin dipped 1.1% over the past 24 hours to $63,122, while ether slid 1.32% to trade at around $2,627, according to The Block’s price page .
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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