The nine U.S. spot Ethereum exchange-traded funds (ETFs) experienced $152.3 million in net outflows on Thursday, marking their third day of trading and extending the outflows from the previous day.
The Grayscale Ethereum Trust (ETHE) stood out with significant net outflows of $346.22 million, according to data from SosoValue. Despite this, other Ethereum funds managed to attract notable inflows. BlackRock’s ETHA led the inflows with $70.93 million, followed by Grayscale Ethereum Mini Trust with $58.09 million, Fidelity FETH with $34.32 million, and Bitwise ETHW with $16.34 million.
Additional inflows included VanEck ETHV, which recorded $8 million, and Invesco’s QETH, which logged $6.24 million. However, the two other spot Ethereum ETFs managed by Franklin and 21Shares did not see any flows on Thursday.
The $152.3 million in net outflows from the nine Ethereum funds came after Wednesday’s outflows of $133 million.
On Thursday, the total daily trading volume of these spot Ethereum funds amounted to approximately $860.8 million, based on Yahoo Finance data compiled by The Block Pro Research. This was a decline from $1.05 billion in trading volume on Tuesday and $944.6 million on Wednesday.