Crypto
US Spot Ethereum ETFs Post $11.9 Million in Net Outflows
US spot Ethereum exchange-traded funds (ETFs) have seen a reversal in their fortunes, posting net outflows of $11.9 million after a three-day streak of inflows. The data from Farside Investors shows that on August 4, the combined net outflows from US spot Ethereum ETFs reached $11.9 million.
BlackRock's ETHA was hit with the largest net outflow, losing $9 million, while Grayscale's ETHE saw $7.8 million leave the fund. Fidelity's FETH also posted net outflows of $900,000 in contrast to Bitwise's ETHB, which drew in $5.8 million in net inflows.
The remaining products did not record any significant net flows. This sudden change in trend marks a departure from the previous three days when US spot Ethereum ETFs saw net inflows.