U.S. Spot Ethereum ETFs See Largest Daily Outflows Since July, With $79M Withdrawn
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U.S. spot Ethereum exchange-traded funds (ETFs) experienced significant net outflows of $79.21 million on Monday, marking the largest daily outflow since July 29.
The sharp decline was primarily driven by the Grayscale Ethereum Trust (ETHE), which alone accounted for $80.55 million in withdrawals.
This marked the fund’s largest outflow since July 31, as per data from Sosovalue.
Notably, ETHE was the only spot Ethereum ETF to witness outflows on Monday.
Contrary to ETHE’s performance, Bitwise’s ETHW ETF recorded net inflows of $1.34 million, while the remaining seven spot Ethereum ETFs saw no change in their flows.
Despite the significant outflows from ETHE, the total trading volume for all nine Ethereum ETFs reached $167.35 million, up from $139.47 million on Friday.
In contrast, U.S. spot Bitcoin ETFs saw modest inflows of $4.56 million on Monday, continuing their three-day streak of positive flows.
On September 23, the total net outflow of Ethereum spot ETFs was $79.2097 million. Grayscale ETF ETHE had an outflow of $80.5542 million, and Bitwise ETF ETHW had a single-day inflow of $1.3445 million. https://t.co/Tvs2oCS03I
Fidelity’s FBTC led the pack with $24.93 million in net inflows, followed by BlackRock’s IBIT, which recorded $11.54 million, and Grayscale’s Bitcoin Trust (GBTC), which logged $8.42 million in net inflows.
However, GBTC reported a notable $40.33 million in net outflows after two consecutive days of no activity.
The total trading volume for the 12 spot Bitcoin ETFs decreased to $949.72 million on Monday, down
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