Data from SosoValue shows that the Grayscale Ethereum Trust (ETHE) kept seeing outflows; $42.52 million left the fund. On Thursday, it was the only place where ETF recorded outflows.

Reportedly the second-largest spot ether ETF by net assets, the Grayscale Ethereum Mini Trust (ETH) had no flows on Thursday following modest $2.26 million net inflows the day before.

BlackRock’s ETHA saw $770,350 enter the fund, while Fidelity’s FESH noted net inflows of $2.54 million. The other ETFs reported zero flows.

The nine ETFs’s combined daily volume on Thursday, significantly more than $155.91 million on Wednesday and $190.76 million on Tuesday, came to $240.58 million.

Comparatively to net outflows of $81.36 million the day before, the 12 spot bitcoin ETFs in the United States saw modest inflows of $11.11 million on Thursday.

After a net inflow of $2.68 million on Wednesday and $34.55 million on Tuesday, BlackRock’s IBIT, the biggest spot bitcoin ETF by net assets, experienced negative flows on Thursday.

With $25.03 million exiting the fund, Grayscale’s GBTC was the only ETF to document negative flows. Its outflow streak has now stretched to the eleventh day.

With $16.25 million, Fidelity’s Facebook TCV had the most daily inflows. With net inflows of $13.66 million, the Grayscale Mini Trust followed, and Bitwise’s BITB noted inflows of $6.23 million.

These spot bitcoin ETFs traded $1.79 billion overall on Thursday, compared to $1.3 billion on Wednesday.

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Based on statistics from SosoValue, Grayscale’s ETHE was the only spot ether fund to show net outflows on Tuesday—$31 million left the ETF.

Three other ETFs’s inflows balance that. Following no flows the day before, BlackRock’s ETHA noted the highest inflows among the funds yesterday—$49.12 million. Inveco’s QETH showed $813,690 in net inflows, while Fidelity’s FESH registered $5.41 million.

On Tuesday, the nine-spot ether ETFs traded overall for $191 million, compared to $285.9 million on Monday.

SosoValue data indicates, in the in the meantime, that on Tuesday, the 12 spot bitcoin ETFs in the United States recorded net inflows of $38.94 million.

BlackRock’s IBIT, the biggest bitcoin ETF based on net assets, mostly contributed to that. Yesterday, it saw net inflows of $34.55 million.

With net inflows of $22.56 million, Fidelity’s Facebook TC followed, and Bitwise’s BITB logged $16.54 million.

With $28.65 million leaving the product, Grayscale’s GBTC’s outflow run now spans nine straight days. ArkB of Ark and 21 Shares had $6 million in net withdrawals yesterday.

The combined daily volume of the 12 ETFs on Tuesday was $1.18 billion, somewhat less than the $1.3 billion traded on Monday.

At the time of writing, Ether had changed hands at $2,533 with a 3.34% gain.

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Especially, Grayscale’s ETHE shows zero flows following outflows for 14 days. With net outflows of $2.92 million, VanEck’s ETHV was the only spot ether ETF to suffer negative flows. ETHV had not reported outflows since July 23 before now. Fidelity’s FEST recorded net inflows of $3.98 million, while Bitwise’s ETHW showed inflows of $2.86 million. Franklin’s EZET drew roughly $1.01 million in inflows.

Monday’s total daily trading volume for the spot ether ETFs topped $286 million, rising from $166.9 million on Friday. On Monday, the 12 American spot bitcoin ETFs revealed $27.87 million in net inflows.

With $35.4 million, Ark and 21 Shares had the most net inflows among the funds. Grayscale’s experienced inflows of $7.85 million, while BlackRock’s IBIT noted $13.45 million in net flows With $17.06 million and $11.77 million leaving the funds, respectively, Bitwise’s BITB and Grayscale’s GBTC suffered withdrawals.

Over the past 24 hours, the value of bitcoin increased 1.96% to roughly $59,362 at the time of writing, Ether gained 4.46% to trade at $2,656.

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Spot Ether ETFs were approved by the Trading and Markets Division of the SEC, unlike spot Bitcoin ETFs approved via vote by a five-member committee including SEC chief Gary Gensler.

Though it declined to comment beyond the official decision, the SEC authorized the 19b-4 filings from BlackRock, Fidelity, Grayscale, Bitwise, VanEck, Ark, Invesco Galaxy, and Franklin Templeton. The formal file came out as:

“For the Commission, by the Division of Trading and Markets, pursuant to delegated authority.”

Bloomberg ETF expert James Seyffart said it was normal, even though many in the crypto community were intrigued by the different clearance processes for the two crypto ETFs.

According to him, if the SEC mandated “an official vote for every decision or every document,” that would be absurd. Usually, many approvals follow the same path. It would have been interesting to observe the political line drawing.

Seyffart’s analysis does not appear to persuade everyone, though. One X user pointed out that a commissioner might contest the ruling within the next ten days and that the primary reason the assigned authority was to conceal the votes as they might be interpreted as political.

Another X user linked the SEC’s choice to various elements, including political pressure, the approaching elections, and the application of environmental, social, and governance policies.

Since all 11 BTC ETFs likewise received S-1 form clearance, another significant distinction between the approval procedures of the two crypto ETFs is that all 11 BTC ETFs began trading the day following their approval.

Since the ETF filings have not yet received the S-1 SEC registration, Spot Ether ETFs could be weeks or months away from launching on markets.

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