More than 422 million $ left Ethereum funds on August 19

On the side of US-listed spot Ethereum ETFs, the same dismal observation holds true. Indeed, on the same day as their counterparts in BTC, the exchange-traded funds of the prince of altcoins recorded over 422 million dollars in net outflows.

Once again, Fidelity and Grayscale are among the fund managers most affected by these outflows. Thus, the Fidelity Ethereum Fund (FETH) saw more than -156 million dollars in net outflows.

On Grayscale's side, it's a double whammy in the negative, with the Grayscale Ethereum Trust (ETHE) recording -122 million dollars in withdrawals, and the Grayscale Ethereum Mini Trust (ETH) seeing -88.5 million dollars in outflows.