The Nine Spot Ethereum ETFs recorded no inflow yesterday while losing $55 million.
Surprisingly, there was no inflow on both Spot Bitcoin ETFs or Spot Ethereum ETFs yesterday a very rare occurrence since both Exchange-traded funds were launched.
Bitcoin ETFs lost a whopping $415 million yesterday while Ethereum ETFs lost $55 million.
Spot Ethereum ETF outflow of $55 million is the first time the Ethereum ETFs are closing the day on a deficit in four trading days.
The Ethereum ETFs have pulled in over $347 million in the last four trading days before yesterday.
Farside Investors UK revealed that Fidelity’s FETH led the outflow for the day losing $20.4 million.
Grayscale’s ETHE and ETH followed closely recording outflows of $17.4 million and $13.8 million respectively.
Franklin EZETs ETF recorded the list outflow for the day losing $3.9 million.
At the time of the report, Blackrock’s IBIT trading figures are yet to be recorded. Other ETF funds recorded no transactions for the day
Ethereum Price Analysis
Ethereum is exchanging hands for $3,391 dropping by 0.9% in the last 24 hours. The crypto asset is down 30.5% from its all-time high of $4,878.
Ethereum has failed to break its all-time high for three years sparking criticism from its community over a Price lag and other structural concerns.
