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Ethereum Spot ETFs Face $465M Net Outflow on August 4, Data Shows

According to PANews citing SoSoValue data, Ethereum spot ETFs saw a $35.12M net inflow on August 6, led by BlackRock’s ETHA, amid mixed performance from other funds.

ETH

Summary

PANews reported on August 7 that, based on SoSoValue data, Ethereum spot ETFs recorded a net inflow of $35.1243M on August 6. BlackRock’s ETHA led with a single-day inflow of $33.3863M, reaching a historical total of $9.489B, while Grayscale’s ETHE saw a $10.0442M inflow and the Grayscale Ethereum Mini Trust ETF experienced an $8.6736M outflow. The ETFs' total net asset value reached $20.608B, with an ETF net asset ratio of 4.7% relative to Ethereum’s market value and a cumulative net inflow of $9.132B.

Terms & Concepts
  • Ethereum spot ETF: An ETF that tracks Ethereum’s price through holdings of related assets without directly holding the cryptocurrency.
  • ETHA: BlackRock’s Ethereum spot ETF, which led the inflow with a single-day increase of $33.3863M, totaling $9.489B historically.
  • ETHE: Grayscale Ethereum Trust ETF that recorded a single-day net inflow of $10.0442M, contrasting with other fund flows.