Back
U.S. Ethereum Spot ETFs See $164.6 Million Net Outflow on August 30

U.S. Ethereum Spot ETFs See $164.6 Million Net Outflow on August 30

Ethereum spot ETFs face notable withdrawals, led by Grayscale and Fidelity, with total assets now standing at $28.57 billion, approximately 5.48% of Ethereum’s market value.

ETH

Summary

Ethereum spot ETFs experienced a net outflow of $165 million on August 29, with Grayscale’s ETH trust ETF seeing the largest outflow of $61.3 million. Fidelity’s FETH ETF also reported significant withdrawals. The total assets in Ethereum spot ETFs now total $28.57 billion, representing 5.48% of Ethereum's market value.

Terms & Concepts
  • Ethereum Spot ETF: An exchange-traded fund that tracks the price of Ethereum directly, allowing investors to gain exposure without holding the cryptocurrency.