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Spot Ether ETFs Record Longest Outflow Streak Since Inception

ETH ETFs saw outflows for five consecutive days.

Spot Ether exchange-traded funds (ETFs) in the United States have experienced their longest streak of outflows since their inception on July 23.

For five consecutive days, from August 15 to August 21, ETH ETFs saw outflows, which reached a total of $92.2 million, according to Farside Investors data.

The outflows have been largely attributed to the Grayscale Ethereum Trust (ETHE), which saw $158.6 million in withdrawals during the same period.

Grayscale Outflows Overshadow Inflows into Other Funds

Grayscale outflows have overshadowed the inflows into other recently approved spot Ether ETFs, including BlackRock’s iShares Ethereum Trust ETF (ETHA), the Fidelity Ethereum Fund (FETH), and the Bitwise Ethereum ETF (ETHW).

For one, ETHA managed to become the first spot Ether ETF to surpass $1 billion in net inflows on August 20, providing a slight cushion against the overall negative trend.

The Grayscale Ethereum Mini Trust (ETH), however, has bucked the trend, reporting no outflows since its launch and maintaining positive net flows of $231.9 million.