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.
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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