ETH Spot ETFs in the U.S. Witness Modest Outflows

IconCryptoNewsTerminal Staff22 Aug, 2024

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ETH Spot ETFs in the U.S. Witness Modest Outflows

On August 22, the total net outflows in U.S. Ether spot ETFs amounted to $880,000. While Grayscale ETH, Fidelity FETH, and VanEck ETHV experienced inflows of $3.68 million, $14.33 million, and $950,000, respectively, these were offset by Grayscale ETHE's outflows of $19.84 million. Other ETFs did not record any inflows. Notably, Grayscale's ETH and ETHE products, the most heavily traded Ether ETFs, largely influenced the overall trend.