Ethereum ETFs in the US Experience $133 Million in Outflows Following Successful Launch
US Ethereum ETFs experienced a shift in net inflows, with a downturn of approximately $133 million on the second day of trading, following an initial surge of nearly $107 million. Farside Investors’ data revealed this trend, indicating investor withdrawals from these products.
Fidelity’s Ethereum Fund (FETH) outperformed BlackRock’s iShares Ethereum Trust (ETHA) on the second day, attracting $74.5 million in net inflows compared to ETHA’s $17.5 million. Notably, ETHA led the pack on the debut day with over $266 million, offsetting significant outflows from Grayscale’s Ethereum ETF (ETHE) and other Ethereum ETFs.
Conversely, ETHE faced substantial outflows of nearly $327 million on the second day, totaling $811 million since its conversion. This led to a decrease in assets under management to $8.3 billion from $9 billion before the spot Ethereum ETFs’ launch.
In contrast, the Grayscale Ethereum Mini Trust (ETH) observed inflows of around $46 million, positioning itself as one of the most cost-effective Ethereum products in the US market. Bitwise’s Ethereum ETF (ETHW) and VanEck’s Ethereum ETF (ETHV) saw net inflows of $29 million and $20 million, respectively. Additionally, Franklin’s EZET and Invesco/Galaxy’s QETH reported gains, while 21Shares’ Core Ethereum ETF (CETH) experienced no net flows.
The dynamics of Ethereum ETF flows continue to evolve, reflecting the market’s response to these investment products. Investors are closely monitoring the performance and trends of these ETFs in the evolving landscape of digital asset investments.
