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US Spot Ethereum ETFs Face $196.6 Million in Daily Outflows

US Spot Ethereum ETFs Face $196.6 Million in Daily Outflows

Ethereum spot ETFs registered $240 million in net outflows on August 20, with BlackRock’s ETHA leading redemptions and Grayscale’s ETH and Fidelity’s FETH posting modest inflows.

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Summary

On August 20, Ethereum spot ETFs recorded $240 million in net outflows. BlackRock’s ETHA saw the largest single-day withdrawal of $258 million, while Grayscale’s Ethereum Mini Trust ETF ETH and Fidelity’s FETH posted inflows of $9.0 million and $8.6 million, respectively. Cumulative inflows reached $1.312 billion for ETH and $2.510 billion for FETH. The total net asset value of Ethereum spot ETFs stood at $26.857 billion, representing 5.11% of Ethereum’s market capitalization, with overall historical net inflows of $11.802 billion.

Terms & Concepts
  • Spot ETF: An exchange-traded fund that directly holds an asset, such as Bitcoin or Ethereum, rather than tracking futures contracts.
  • Net Outflows: The total value of assets withdrawn from a fund minus the total value of assets added during a given period.
  • Ethereum ETF: An investment vehicle that allows investors to gain exposure to Ethereum price movements without directly holding the cryptocurrency.