Here’s How Ethereum ETFs Performed in Their First Week

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Cryptodnes2024/07/30 08:30

By:Cryptodnes

On July 29, U.S. ethereum ETFs saw net outflows of $983 million, the fourth consecutive day of negative results.

According to data from Farside, the Grayscale Ethereum Trust (ETHE) saw a significant one-day outflow of $210 million. In contrast, the Grayscale Ethereum Mini Trust (ETH) attracted inflows of $4.9 million.

On the other hand, BlackRock’s iShares Ethereum Trust (ETHA) saw inflows of $58.2 million, while Fidelity’s FETH garnered $24.8 million.

Overall, Ethereum ETFs saw outflows of $340 million in the first week of trading ending July 26. Adding in Monday’s outflows brings the total to $440.1 million.

This period was characterized by investor withdrawals from legacy high-fee products converted to exchange-traded funds.

Here’s How Ethereum ETFs Performed in Their First Week

The most significant inflows were into the BlackRock, Bitwise and Fidelity funds, which attracted $500.2 million, $276 million and $244 million, respectively, from launch through July 30.

In contrast, the Grayscale-created Ethereum Trust suffered outflows of $1.723 billion over the same time period.

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