US Spot Crypto ETFs See Ethereum Inflows Outpace Bitcoin Losses
January 29 saw U.S. Ethereum ETFs register $156 million in net outflows, led by Fidelity and BlackRock, as total sector NAV reached $16.75 billion amid ongoing volatility.
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Summary
On January 29, according to SoSoValue data, U.S. spot Ethereum ETFs recorded $156 million in net outflows. Fidelity’s FETH led with $59.19 million withdrawn, followed by BlackRock’s ETHA with $54.88 million. Despite the withdrawals, the total net asset value of Ethereum spot ETFs stood at $16.75 billion, with cumulative net inflows amounting to $12.23 billion. This marked the second consecutive day of large outflows, signaling sustained bearish sentiment toward Ethereum-based investment products.
Terms & Concepts
- Spot Crypto ETF: An exchange-traded fund that directly holds the underlying cryptocurrency, allowing investors price exposure without direct asset storage.
- Net Asset Value (NAV): The total value of a fund’s assets minus liabilities, representing the per-share value of the investment vehicle.