Minor Net Outflow from US ETH Spot ETF
CryptoNewsTerminal Staff11 Sep, 2024
Minor Net Outflow from US ETH Spot ETF
According to data from financial information platform Farside Investors, on the 11th (local time), there was a net outflow of $500,000 from the US Ethereum spot ETF. The data shows that $1.7 million was withdrawn from VanEck ETHV, while $1.2 million flowed into Fidelity FETH. This is the first outflow from the US ETH spot ETF since its launch on May 18th. The ETF has seen a total of $12 million in inflows since its inception. The outflows could be due to a number of factors, including the recent decline in the price of Ethereum and the upcoming launch of the CME Ethereum futures contract.
