Spot Ethererum ETFs Continue Their Negative Streak
US Spot Ether ETFs have experienced a continuous decrease in investments for five days in a row, the longest period since their launch on July 23.
Despite the recent approval of nine spot Ether ETFs, the majority of investments have been overshadowed by outflows from the Grayscale Ethereum Trust (ETHE), totaling over $2.5 billion as of August 21.
According to data from Farside Investors, there has been a daily trend of outflows from ETHE, with the exception of August 12.
As of August 21, spot Ether ETFs have experienced a total outflow of $92.2 million in just five days, the largest decrease since their launch. While the outflows from ETHE have been significant, they were partially offset by inflows from other similar ETFs such as BlackRock’s iShares Ethereum Trust ETF (ETHA), the Fidelity Ethereum Fund (FETH), and the Bitwise Ethereum ETF (ETHW).
