Outflows Hit $15M in US ETH Spot ETF on August 16

IconCryptoNewsTerminal Staff16 Aug, 2024

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Outflows Hit $15M in US ETH Spot ETF on August 16

On August 16, (local time), U.S. Ether ETFs witnessed net outflows of $15 million, with Grayscale ETHE and VanEck ETHV taking the brunt of the movement. According to trader T, the largest outflow was recorded in Grayscale ETHE at $27.7 million, while VanEck ETHV saw a $4.8 million outflow. On a brighter note, positive inflows were observed in BlackRock ETHA and Fidelity FETH, amounting to $10.2 million and $7.2 million, respectively. The remaining ETFs in the U.S. Ether ETF space did not experience any significant inflows or outflows during that period. Overall, the net outflows from the US ETH Spot ETF on August 16 indicate a mixed sentiment among investors in the Ethereum market. While some investors are cashing out their positions, others remain bullish and are accumulating more ETH through ETFs.

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