Ether ETFs Experience Net Outflow Despite Broader Gains
U.S. spot Ether exchange-traded funds (ETFs) experienced a net outflow of $2.8 million on September 29, reversing the previous day's inflow of $17.1 million.
The Grayscale Ethereum Mini Trust (ETH) recorded the largest inflow at $12.8 million, while BlackRock's iShares Ethereum Trust (ETHA) saw an outflow of $8.9 million and Fidelity Ethereum Fund (FETH) had $6.7 million leave the fund.
Eight funds reported no net flow: ETHB, ETHW, TETH, ETHV, QETH, EZET, MSSE, and ETHE.
The daily outflow did not erase the broader short-term gains, with U.S. spot Ether ETFs recording combined net inflows of $271.9 million over the last five trading days and cumulative net flows since launch reaching $13.983 billion.