Ethereum Spot ETFs Witness $39.21 Million Net Outflow

IconCryptoNewsTerminal Staff15 Aug, 2024

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Ethereum Spot ETFs Witness $39.21 Million Net Outflow

On February 15th (local time), Ethereum spot ETFs in the US experienced a net outflow of $39.21 million, as reported by data from crypto market analysis platform SoSoValue. Grayscale ETHE, a prominent Ethereum spot ETF, accounted for the largest portion of this outflow with $42.52 million. These recent outflows from Ethereum spot ETFs indicate a shift in investor sentiment and a potential reduction in short-term interest in the cryptocurrency.