Crypto
US Spot Ether ETFs Suffer Largest Net Outflow in Eight Months
US spot Ether exchange-traded funds (ETFs) experienced their largest net outflow in eight months, totaling $142.3 million on a single day.
The move was attributed to investor disappointment over political wrangling surrounding the Clarity Act, said Trader T.
BlackRock's ETHA led the outflows with $98 million leaving the fund, followed by Bitwise's ETHW at $34.4 million and Grayscale's ETHE at $17.5 million.
In contrast, BlackRock's staked Ether ETF ETHB drew in $12.4 million in net inflows, while 21Shares' TETH added $2.4 million.