US Spot Ethereum ETFs Turn Negative on Second Trading Day! Here are the Details

Nine US spot Ethereum exchange-traded funds (ETFs) experienced net outflows of $133.16 million on Wednesday, their second day of trading, reversing the positive flows seen on Tuesday.

US Spot Ethereum ETFs See $133 Million Net Outflow on Second Trading Day

According to SosoValue data, among Ethereum funds, Grayscale Ethereum Trust (ETHE) recorded the largest outflow with $326.86 million.

In comparison, Fidelity's FETH led inflows with $74.46 million, followed by Grayscale Ethereum Mini Trust with $45.93 million, Bitwise ETHW with $29.64 million, and VanEck ETHV with $19.84 million.

BlackRock's ETHA had a net inflow of $17.44 million, a significant decrease from Tuesday's $266.55 million.

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Spot Ethereum ETFs dropped about $951 million in trading volume on Wednesday, down from $1.05 billion in trading volume on Tuesday, their first trading day. The nine funds had recorded net inflows of around $106.78 million on Tuesday.

Meanwhile, 11 spot Bitcoin ETFs in the US saw approximately $44.51 million flowing into the funds on Wednesday. Grayscale's GBTC was the only Bitcoin ETF to record negative flows, with a net outflow of $26.22 million.

BlackRock's IBIT led inflows with $65.99 million, followed by Ark and 21Shares ARKB's net inflows of $3.29 million and Fidelity FBTC's $1.44 million.

Ethereum was trading around $3,170 at the time of writing, down 8.24% in the last 24 hours.

*This is not investment advice.

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