Ether Spot ETFs Dump $32.9 Million as Bitcoin Sees Surge
US Ether (ETH) spot exchange-traded funds (ETFs) experienced a significant outflow of $32.9 million on July 30, marking a shift back into net outflow territory.
This contrasts sharply with Bitcoin (BTC) spot ETFs, which swung to net inflows on the same day after four consecutive sessions of outflows.
Fidelity's 'FETH' suffered the largest exodus, with $16.1 million flowing out, while Grayscale's 'ETHE' shed $9.7 million and 'Ethereum Mini Trust ETH' saw an additional $8.1 million in outflows.
However, BlackRock's 'IBIT' attracted $89.8 million in inflows, driving the bulk of the overall net inflow of $32.1 million into Bitcoin spot ETFs on July 30.