Six Ethereum Spot ETFs Displays A Neutral Outflow, Grayscale’s “ETHE” Loses $42.5 Million!

Author: Elena R

Elena R

Author

Elena is an expert in technical analysis and risk management in cryptocurrency market. She has 10+year experience in writing – accordingly she is avid journalists with a passion towards researching new insights coming into crypto erena.

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Aug 16, 2024 10:54

Reportedly, over the past 24 hours, only 2 out of 9 ETH ETFs have recorded a positive inflow. Fidelity’s “FETH” recorded the highest inflow of $2.5 Million, followed by Blackrock’s “ETHA” with $0.8 Million. Notably, 6 out of 9 ETFs which are Bitwise, 21 Shares, Invesco, VanEck, Franklin, and Grayscale’s “ETH” have recorded a neutral flow. On the other hand, Grayscale’s “ETHE” has recorded an outflow of $42.5 Million during this time. With this, the total outflow for the day stood at -$39.2 Million.