Spot Ethereum ETFs see record $465M outflow, led by BlackRock’s ETHA
On Aug. 4, US spot Ethereum exchange-traded funds (ETFs) saw $465.1 million in net outflows, marking the largest single-day withdrawal since their launch.
SoSo Value data shows that BlackRock’s ETHA fund was the primary contributor, with $375 million in outflows, setting a new record for the fund and ending its 21-day streak of consecutive inflows.
Fidelity’s FETH followed with a $55 million outflow, while Grayscale’s ETHE and Grayscale Ethereum Mini Trust had withdrawals of $6.98 million and $28 million, respectively. Other funds saw no changes during the day.
These outflows follow a period of record-breaking inflows, with more than $5 billion in new capital flowing into these Ethereum spot ETFs throughout July.
Despite the recent substantial capital exit, ETH’s value remains unchanged during the last 24 hours, up by 1.4% to $3,623 as of press time, according to CryptoSlate’s data.
The post Spot Ethereum ETFs see record $465M outflow, led by BlackRock’s ETHA appeared first on CryptoSlate.
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