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Fidelity’s Spot Ethereum ETF Records $272.2 Million Outflow

Ethereum spot ETFs saw $197 million in net withdrawals on August 18, led by BlackRock’s ETHA and Fidelity’s FETH, marking a reversal from recent record inflows.

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Summary

On August 18, Ethereum spot ETFs experienced $197 million in net outflows, according to SoSoValue. BlackRock's ETHA led the withdrawals with $87.16 million, followed by Fidelity's FETH with $78.40 million. ETHA’s historical net inflows now stand at $12.078 billion and FETH’s at $2.658 billion. Total Ethereum spot ETF assets under management are $27.745 billion, equivalent to 5.34% of Ethereum’s total market capitalization, with cumulative historical net inflows at $12.471 billion.

Terms & Concepts
  • Spot Ethereum ETF: An exchange-traded fund that directly holds Ethereum, allowing investors to gain exposure to ETH’s price movements without directly owning the cryptocurrency.
  • Net Outflow: The total amount of capital withdrawn from an asset or fund during a specific period, after accounting for any new investments.
  • Assets Under Management (AUM): The total market value of assets that an investment company or financial institution manages on behalf of investors.