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Reported by The Block: U.S. spot ether ETFs saw $39.2 million in net outflows on Thursday, while spot bitcoin ETFs reported inflows of $11.1 million.
Grayscale’s ETHE continued to see outflows, with $42.5 million leaving the fund.
U.S. spot Ethereum exchange-traded funds saw $39.21 million leave the products on Thursday, ending their three-day positive flow streak.
The Grayscale Ethereum Trust (ETHE) continued to experience outflows, with $42.52 million exiting the fund, according to data from SosoValue. It was the only spot ether ETF to report outflows on Thursday.
The Grayscale Ethereum Mini Trust (ETH), the second-largest spot ether ETF by net assets, reported no flows on Thursday after posting moderate $2.26 million net inflows the previous day.
Fidelity’s FETH recorded net inflows of $2.54 million, and BlackRock’s ETHA saw $770,350 flowing into the fund. The other remaining ETFs logged zero flows.
On Thursday, the total daily volume of the nine ETFs reached $240.58 million, much higher than $155.91 million on Wednesday and $190.76 million on Tuesday.
Spot bitcoin ETFs experienced mild inflows
Meanwhile, the 12 spot bitcoin ETFs in the U.S. recorded moderate inflows of $11.11 million on Thursday, compared to net outflows of $81.36 million the day before.
BlackRock’s IBIT, the largest spot bitcoin ETF by net assets, saw zero flows on Thursday, following net inflows of $2.68 million on Wednesday and $34.55 million on Tuesday.
Grayscale’s GBTC was the only ETF to report negative flows, with $25.03 million leaving the fund. This extended its outflow streak to the 11th day.
Fidelity’s FBTC saw the largest inflows of the day, with $16.25 million. The Grayscale Mini Trust (
BTC -0.15%
) followed with $13.66 million in net inflows, and Bitwise’s BITB recorded inflows of $6.23 million.
The total trading volume of these spot bitcoin ETFs amounted to $1.79 billion on Thursday, compared to $1.3 billion on Wednesday.
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