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Spot Ethereum ETFs Record $39M in Outflows, Ends Three-Day Inflow Streak

Chris Lion
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Last updated:
16 August 2024 @ 13:55 UTC
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The total trading volume of the spot ETH ETFs reached $240.58 million, compared to its $155.91 million record on August 14.

Spot Ethereum Exchange-Traded Funds (ETFs) have recorded outflows totaling $39 million, marking the end of a three-day streak of consistent inflows.  

According to data from crypto research platform SosoValue, the Grayscale Ethereum Trust (ETHE) saw continued outflows, with $42.52 million leaving the fund. It was the only spot ether ETF to record outflows on Thursday. 

The Grayscale Ethereum Mini Trust (ETH), the second-largest spot ether ETF by net assets, also recorded no inflows, following a modest net inflow of $2.26 million on August 14.  

Fidelity’s FETH saw net inflows of $2.54 million, while BlackRock’s ETHA recorded $770,350 into the fund. The remaining ETFs reported no changes in flows.  

On August 15, the total trading volume of the nine ETFs surged to $240.58 million, significantly exceeding the $155.91 million recorded on the previous day and the $190.76 million on August 13.     

Spot Bitcoin ETFs Hit $11.11M Inflows 

Unlike spot ETH ETFs, the 12 spot Bitcoin ETFs in the U.S. also saw modest inflows of $11.11 million on Thursday, a reversal from the net outflows of $81.36 million recorded the previous day. 

BlackRock’s IBIT, the largest spot bitcoin ETF, recorded zero inflows on Thursday after reporting net inflows of $2.68 million on Wednesday and $34.55 million on Tuesday.  

Grayscale’s GBTC was the only ETF to record outflows, with $25.03 million exiting the fund, pushing its outflow streak to 11 consecutive days.  

Fidelity’s FBTC led the day with the highest inflows, totaling $16.25 million. The Grayscale Bitcoin Mini Trust came next, attracting $13.66 million in net inflows, while Bitwise’s BITB saw $6.23 million added to its fund. 

The total trading volume of these spot Bitcoin ETFs reached $1.79 billion on Thursday, up from $1.3 billion on Wednesday. 

Chris Lion

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Data analyst cum crypto writer.

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