On Wednesday, spot Ethereum exchange-traded funds (ETFs) in the U.S. recorded a daily net inflow of $5.84 million, breaking a nine-day streak of outflows. The data, provided by SoSoValue, showed that while Grayscale Ethereum Trust (ETHE) experienced a net outflow of $3.81 million, inflows into BlackRock’s spot ether fund and Fidelity’s FETH amounted to $8.4 million and $1.26 million, respectively.
Despite the positive inflows, trading volumes for the nine spot ether ETFs reached $151.57 million on Wednesday, significantly lower than late July’s peak volumes of around $900 million. Total net outflows for these funds have accumulated to $475.48 million.
In contrast, spot Bitcoin ETFs continued to face outflows. On Wednesday, U.S. spot bitcoin ETFs saw net outflows totaling $105.19 million. The Ark and 21Shares ARKB ETF led the outflows with $59.27 million, followed by Fidelity’s FBTC with $10.37 million and VanEck’s fund with $10.07 million in outflows. Other notable funds like Bitwise’s BITB and Grayscale’s mini bitcoin trust also reported outflows of about $8 million each. BlackRock’s IBIT and five other bitcoin ETFs reported no flows for the day.
The total trading volume for U.S. spot bitcoin funds was $2.18 billion on Wednesday, up from $1.2 billion the previous day. Since January, these funds have accumulated $17.85 billion in net inflows.
As of the latest data, Bitcoin traded down 0.21% over the past 24 hours to $59,369, while Ether gained 2.25% to $2,537.
