As of August 21, Spot Ether ETFs in the U.S. had their largest string of withdrawals since they started trading. funds had been taken out for five days in a row. More funds left than came into the nine newly approved Ether ETFs.
This is mostly because of the Grayscale Ethereum Trust (ETHE), which has lost over $2.5 billion, according to Farside Investors.The five days from August 15 to August 21 saw losses of $92.2 million from spot Ether ETFs and $158.6 million from ETHE.
Ether ETF Shows Mixed Performance
But funds coming in from the Fidelity Ethereum Fund, BlackRock’s iShares Ethereum Trust ETF, and the Bitwise Ethereum ETF helped lessen the losses.The Grayscale Ethereum Mini Trust, on the other hand, has had positive flows since the beginning, adding up to $231.9 million.
On August 20, ETHA became the first spot Ether ETF to get $1 billion in net entries. Even with this achievement, spot Ether ETFs have lost $458.9 million in net flows.Meanwhile, investors are still very interested in U.S.-based spot Bitcoin ETFs, which began trading in January 2024 and have seen net positive flows of $17.5 billion.
Even though a lot of funds left the Grayscale Bitcoin Trust, spot Bitcoin ETFs have had positive flows for eight of the last ten days, with a $88 million entry on August 20. With $55.4 million, BlackRock’s iShares Bitcoin Trust got the most funds. Since January, it has received a net of $20.5 billion.
