Crypto
BlackRock's Staking Fund Bucks Trend as Spot Ethereum ETFs See $11.9M Net Outflow
The US spot Ethereum ETF market experienced a net outflow of $11.9 million on August 3, reversing two consecutive days of inflows.
According to data from Farside Investors, BlackRock's ETHA was the largest contributor to the outflows with a net redemption of $9 million.
Grayscale's ETHE followed with a $7.8 million outflow, while Bitwise's ETHW saw $2.5 million leave the fund.
Fidelity's FETH also experienced a smaller outflow of $900,000.
In contrast, BlackRock's newly launched staking Ethereum ETF (ETHB) recorded an inflow of $5.8 million, making it the only product in the group to see positive flows on the day.