U.S. Spot Ether ETFs Post $85.3 Million in Net Outflows, Extending Streak to Seven Sessions
Summary
- U.S. spot Ether ETFs recorded net outflows of $85.3 million.
- Spot Ether ETFs have posted net outflows for seven straight trading sessions.
- BlackRock's iShares Ethereum Trust (ETHA) saw $74.4 million in net outflows, while Grayscale's Ethereum Mini Trust (ETH) posted $10.9 million in net outflows.
Forecast Trend Report by Period
U.S. spot Ether exchange-traded funds continued to see heavy net outflows.
Farside Investors data released on November 4 showed the funds recorded combined net outflows of $85.3 million the previous day. That marked a seventh straight trading session of net withdrawals.
By product, BlackRock's iShares Ethereum Trust (ETHA) posted the largest net outflow at $74.4 million. Grayscale's Ethereum Mini Trust (ETH) also saw net outflows of $10.9 million. No net inflows or outflows were recorded in the remaining products.
shlee@bloomingbit.ioHello, I'm a reporter at bloomingbit