Ethereum exchange-traded Funds (ETFs) experienced a net outflow of approximately $14.93 million, marking the first net outflow after six consecutive days of inflows.
Farside Investor’s UK revealed that Grayscale Ethereum Trust (ETHE) led the outflows, with a significant withdrawal of $22.29 million.
In contrast, the Fidelity Ethereum (FETH) attracted an inflow of $7.33 million, and the Grayscale Ethereum Mini Trust ETF saw an addition of $3.06 million.
Grayscale’s ETHE led the outflows for the day losing $22.2 million while Bitwise ETHE lost $3 million.
These movements indicate a shift in investor sentiment, with a notable preference for certain ETFs over others.
The overall net outflow suggests a cautious approach among investors, possibly due to market volatility or profit-taking activities.
As of now, the total net asset value of Ethereum spot ETFs stands at $11.88 billion, representing approximately 3.04% of Ethereum’s total market value. The cumulative historical net inflow into these ETFs has reached $2.80 billion.
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