{"id":25759,"date":"2024-07-25T11:30:06","date_gmt":"2024-07-25T08:30:06","guid":{"rendered":"https:\/\/coinengineer.io\/?p=25759"},"modified":"2024-07-25T10:44:23","modified_gmt":"2024-07-25T07:44:23","slug":"ethereum-etfs-see-133m-outflows-on-day-two","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/ethereum-etfs-see-133m-outflows-on-day-two\/","title":{"rendered":"Ethereum ETFs See $133M Outflows on Day Two"},"content":{"rendered":"

Reversing direction from Tuesday’s positive flows, the nine U.S. spot Ethereum exchange-traded funds<\/strong> experienced $133.16 million in net withdrawals on Wednesday, their second day of trading.<\/p>\n

Data from SosoValue<\/a> shows that the Grayscale Ethereum Trust<\/strong> (ETHE)<\/strong> recorded $326.86 million in net outflows, the only one noting outflows among the ether funds.<\/p>\n

With $74.46 million, Fidelity’s FESH led the inflow pack, followed by Grayscale Ethereum Mini Trust’s<\/strong> $45.93 million, Bitwise ETHW’s $29.64 million, and VanEck ETHV’s $19.84 million in net inflows.<\/p>\n

With net inflows of $17.44 million BlackRock’s ETHA had, compared to Tuesday’s inflows of $266.55 million,<\/p>\n

Based on Yahoo Finance data, the spot Ethereum ETFs<\/strong> created on Wednesday had a trading volume of roughly $951 million, compared to their first day of trading, Tuesday, at $1.05 billion. On Tuesday, the nine funds recorded net inflows of roughly $106.78 million.<\/p>\n

SosoValue data shows that the 11-spot bitcoin ETFs in the United States observed roughly $44.51 million flow into the funds on Wednesday. With $26.22 million in net outflows, Grayscale’s GBTC was the only bitcoin ETF to show negative flows.<\/p>\n

The biggest among the bitcoin funds, BlackRock’s IBIT, logged $65.99 million in net inflows, followed by Ark and 21Shares ARKB’s $3.29 million and Fidelity FBTC’s $1.44 million.<\/p>\n

Ethereum<\/strong> dropped 7.65% throughout the past 24 hours to trade for about $3,178 at the time of writing. As investors consider the influence of Mt. Gox’s most recent transactions and macro developments, Bitcoin plunged 2,34% to trade at $64,277.<\/p>\n

On Wednesday, the U.S. stock market recorded multi-week lows. While the S&P 500 index dropped 2.3%, suffering its worst day since December 2022, the Nasdaq Composite index dropped 3.6%, closing down from October 2022.<\/p>\n

 <\/p>\n

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our\u00a0Telegram,\u00a0<\/strong><\/a>YouTube<\/strong><\/a>,\u00a0and\u00a0Twitter<\/strong><\/a>\u00a0channels for\u00a0<\/em>the latest\u00a0news<\/a> and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Reversing direction from Tuesday’s positive flows, the nine U.S. spot Ethereum exchange-traded funds experienced $133.16 million in net withdrawals on Wednesday, their second day of trading. Data from SosoValue shows that the Grayscale Ethereum Trust (ETHE) recorded $326.86 million in net outflows, the only one noting outflows among the ether funds. With $74.46 million, Fidelity’s<\/p>\n","protected":false},"author":6,"featured_media":25760,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[105,1000,7075,2999],"class_list":["post-25759","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ethereum","tag-ethereum-etf","tag-grayscale-ethereum-trust","tag-spot-ethereum-etf"],"yoast_head":"\nEthereum ETFs See $133M Outflows on Day Two - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/ethereum-etfs-see-133m-outflows-on-day-two\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ethereum ETFs See $133M Outflows on Day Two - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"Reversing direction from Tuesday’s positive flows, the nine U.S. spot Ethereum exchange-traded funds experienced $133.16 million in net withdrawals on Wednesday, their second day of trading. 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