Ether Spot ETFs in U.S. Saw $358 Million Outflows in 11-Day Stretch

Spot ether (ETH) exchange-traded funds (ETFs) successful the U.S. posted their 11th consecutive time of nett outflows, losing immoderate $358.1 cardinal of capitalist funds arsenic the terms of ether fell astir 7%.

On Tuesday, BlackRock’s iShares Ethereum Trust ETF (ETHA) saw $12.9 cardinal of outflows, losing a nett $137.6 cardinal implicit the period. Fidelity’s FETH and Grayscale’s ETHE were the different apical 2 contributors to the full outflow.

In total, spot ether ETFs present clasp astir $7 cardinal worthy of the cryptocurrency and, contempt the outflows, seen a cumulative nett inflow of $2.45 cardinal since their inception successful July, SoSoValue information shows.

The terms of ether fell from astir $2,150 connected March 8 to astir $1,990 arsenic of Thursday. It's mislaid astir 40% of its worth year-to-date.

U.S. bitcoin (BTC) ETFs successful the U.S. successful opposition posted a 4th consecutive days of inflows, bringing their cumulative nett full inflow to $35.8 cardinal since January past year.