U.S. Spot Ethereum ETFs Face Hefty Withdrawals
U.S. spot Ethereum exchange-traded funds (ETFs) have experienced significant net outflows totaling $79.21 million on Monday, marking the largest daily outflows since July 29, 2024.
The Grayscale Ethereum Trust (ETHE) led the outflows, losing $80.55 million—the highest outflow recorded since July 31. Despite this, Bitwise’s ETHW reported net inflows of $1.34 million, while seven other Ethereum ETFs remained stagnant, logging zero flows.
On the same day, the total trading volume of these nine ETFs hit $167.35 million, reflecting a notable increase from Friday’s $139.47 million.
Bitcoin ETFs Experience Modest Inflows
In contrast, spot bitcoin ETFs in the U.S. saw net inflows of $4.56 million, continuing a three-day inflow streak. Fidelity’s FBTC ETF registered the highest inflows, receiving $24.93 million, followed by BlackRock’s IBIT, with $11.54 million, and Grayscale BTC, which saw inflows of $8.42 million.
However, the Grayscale GBTC reported $40.33 million in net outflows after no movement in the prior two trading sessions. Total trading volume across the 12 spot bitcoin ETFs shrunk slightly, with $949.72 million traded on Monday compared to $980.57 million on Friday.
Both bitcoin and ether prices saw declines, with bitcoin dipping by 1.1% to $63,122 and ether slipping by 1.32%, trading at around $2,627.
