Ether ETFs Lose $133M in Second Day of Trading

Reading Time: < 1 minute

On their second day of trading, the nine US spot Ethereum exchange-traded funds experienced a reversal in flows, with $133.16 million in net outflows. This is in contrast to Tuesday’s positive flows.

According to data from SosoValue, the Grayscale Ethereum Trust (ETHE) recorded the only outflow among the ether funds, at $326.86 million.

Fidelity’s FETH led the inflow pack with $74.46 million, followed by Grayscale Ethereum Mini Trust with $45.93 million, Bitwise ETHW with $29.64 million, and VanEck ETHV with $19.84 million in net inflows.

BlackRock’s ETHA also saw some inflows at $17.44 million, a significant decrease from Tuesday’s $266.55 million inflows.

On Wednesday, these spot ether ETFs generated a trading volume of approximately $951 million, down from $1.05 billion on Tuesday. This resulted in about $106.78 million in net inflows on Tuesday, showing a considerable decrease on the second day of trading.