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Ethereum Spot ETFs Record No Net Flows on November 10

Ethereum Spot ETFs Record No Net Flows on November 10

Data from SoSoValue shows U.S. Ethereum spot ETFs faced $183 million net outflows, led by BlackRock’s ETHA, marking five consecutive days of investor withdrawals.

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Summary

On November 17, U.S. Ethereum spot ETFs recorded $183 million in net outflows, marking the fifth consecutive day of withdrawals, according to SoSoValue. BlackRock’s ETHA posted the largest outflow at $193 million, while Grayscale’s ETH Mini Trust (ETHE) and Ethereum Trust (ETH) registered inflows of $10.75 million and $2.46 million respectively. The data highlights persistent investor pullback from Ethereum ETFs.

Terms & Concepts
  • Net Outflows: The amount of cash exiting financial products, indicating decreased investor investment or demand over a given period.
  • Ethereum ETF: An exchange-traded fund designed to track the value of Ethereum, offering indirect exposure to the cryptocurrency.