Overall, US spot Ethereum ETFs saw $79.21 million in outflows on Monday, the largest since July
\nGrayscale\u2019s ETHE recorded a significant $80.55 million outflow on the same day.
\nSpot Bitcoin ETFs had modest inflows of $4.56 million, led by Fidelity\u2019s FBTC.<\/p>\n
On Monday, US spot Ethereum ETFs experienced their largest daily outflows since late July, totalling $79.21 million.<\/p>\n
This significant drop was primarily driven by the Grayscale Ethereum Trust (ETHE), which recorded an outflow of $80.55 million, marking its most substantial outflow since July 31.<\/p>\n
According to data from Sosovalue<\/a>, ETHE was the only spot Ethereum ETF to report outflows on that day, highlighting a challenging period for the asset class.<\/p>\n In contrast, Bitwise\u2019s ETHW managed to post a modest inflow of $1.34 million, while the remaining seven spot Ethereum ETFs registered no significant movement.<\/p>\n The total trading volume for the nine Ethereum ETFs reached $167.35 million, reflecting an increase from $139.47 million the previous Friday. This uptick in trading volume indicates that despite the outflows, investor activity in the Ethereum ETF space remains notable.<\/p>\n Meanwhile, spot Bitcoin ETFs fared better, experiencing modest inflows of $4.56 million on the same day. This marks the continuation of a three-day streak of inflows, led by Fidelity\u2019s FBTC, which attracted $24.93 million.<\/p>\n BlackRock\u2019s IBIT, the largest Bitcoin ETF by net assets, also saw positive movement, with inflows of $11.54 million.<\/p>\n However, Grayscale\u2019s Bitcoin Trust (GBTC) recorded a $40.33 million outflow, making it the only spot Bitcoin ETF to face losses on Monday.<\/p>\n As the cryptocurrency market fluctuates, with Bitcoin dropping 1.1% to approximately $63,122 and Ether falling 1.32% to around $2,627, these recent developments underline the volatile nature of digital asset investments. Investors will be keenly watching how these trends evolve in the coming days.<\/p>\n The post US spot Ethereum ETFs see largest daily outflows since July<\/a> appeared first on CoinJournal<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Overall, US spot Ethereum ETFs saw $79.21 million in outflows on Monday, the largest since July Grayscale\u2019s ETHE recorded a significant $80.55 million outflow on the same day. Spot Bitcoin ETFs had modest inflows of $4.56 million, led by Fidelity\u2019s FBTC. On Monday, US spot Ethereum ETFs experienced their largest daily outflows since late July, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[100],"tags":[],"class_list":{"0":"post-1691","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-ethereum"},"acf":[],"_links":{"self":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/1691","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/comments?post=1691"}],"version-history":[{"count":0,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/posts\/1691\/revisions"}],"wp:attachment":[{"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/media?parent=1691"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/categories?post=1691"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/digkrypton.com\/index.php\/wp-json\/wp\/v2\/tags?post=1691"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}