Largest Ethereum ETF outflow since August 2

exchange68September 10, 2024

0 1 1 minute read

Quick Take

Bitcoin

Recent data from Farside reveals Bitcoin ETFs experienced an $11.1 million net inflow, with contributions from Fidelity’s FBTC at $16.2 million, Bitwise’s BITB at $6.2 million, and Grayscale BTC at $13.7 million. However, Grayscale’s GBTC ETF saw an outflow of $25 million. Interestingly, BlackRock’s IBIT ETF remained stagnant, with neither inflows nor outflows. The cumulative inflows for BTC ETFs now stand at $17.3 billion.

Ethereum

On the other hand, Ethereum ETFs saw their largest outflow since Aug. 2, with $39.2 million exiting the market. This outflow was primarily driven by Grayscale’s ETHE, which recorded a $42.5 million withdrawal. Total outflows for Grayscale ETHE have reached $2.4 billion, contributing to a broader trend of $405.5 million in total ETF outflows.

Analyst

James Van Straten

Lead Analyst at CryptoSlate

James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century’s paramount invention.

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