US Spot Ethereum ETFs See Largest Daily Flow Since July
Overall, US spot Ethereum ETFs saw $79.21 million in outflows on Monday, the largest since July. Greyscale's ETHE recorded a record high of $80.55 million on the same day. Spot Bitcoin ETFs had modest gains of $4.56 million, led by Fidelity's FBTC.
On Monday, US spot Ethereum ETFs experienced the highest daily inflow since late July, totaling $79.21 million. This significant decline was primarily driven by Greyscale Ethereum Trust (ETHE), which recorded an outflow of $80.55 million, the largest outflow since July 31.
According to data from SosoValue, the Ethereum ETF was the only place where ETHE reported outflows on the day, indicating a challenging period for the asset class.
In contrast, Bitwise's ETHW managed to post modest gains of $1.34 million, while the remaining seven-place Ethereum ETF saw no significant movement.
Total trading volume for the nine Ethereum ETFs reached $167.35 million, up from $139.47 million last Friday. This increase in trading volume indicates that despite the outflows, investor activity in the Ethereum ETF space remains significant.
Meanwhile, spot Bitcoin ETFs fared better, with modest gains of $4.56 million on the same day. This marks the continuation of a three-day streak of inflows led by Fidelity FBTC, which attracted $24.93 million. BlackRock's IBIT, the largest Bitcoin ETF by net assets, also saw positive activity, with $11.54 million in revenue.
However, Greyscale's Bitcoin Trust (GBTC) recorded inflows of $40.33 million, making it the only Bitcoin ETF to experience losses on Monday.
As the cryptocurrency market falters, with Bitcoin down 1.1% to $63,122 and Ether down 1.32% to $2,627, these latest developments highlight the volatility of digital asset investments. Investors will be keenly watching how these trends evolve in the coming days.
