Ethereum Spot ETF Sees Zero Net Flows as Bitcoin Continues Outflows
U.S. Ethereum spot exchange-traded funds (ETFs) have seen zero daily net flows for the first time in nearly nine months.
This milestone was recorded on August 14, according to data from SoSoValue, with all 11 tracked products showing no net change in assets.
The last time net flows registered zero was 277 days ago, on November 10 of last year. The total ETF trading volume for the day reached $340.27 million, indicating that investors were actively buying and selling shares, but ultimately resulting in a net balance of zero.
Ethereum spot ETFs had recorded net inflows of $7.38 million and $6.72 million on August 12 and 13, respectively. However, prior to that they saw net outflows of $14.59 million and $1.76 million on August 10 and 11.
Cumulative net inflows for Ethereum spot ETFs remained at $11.45 billion, with total net assets standing at $10.52 billion, representing 4.64% of Ethereum's market capitalization.