Markets· ★★★· bearish·

US spot Ethereum ETFs see $129.51M in daily net outflows

  • —Combined net outflows from US spot Ethereum ETFs reached $129.51 million
  • —BlackRock's ETHA bled $109.83 million, the largest single-fund outflow
  • —Grayscale ETH lost $18.76 million; Franklin Templeton EZET shed $0.92 million
  • —Fidelity FETH, Grayscale ETHE and Bitwise ETHW saw no net flows
Why it matters: Renewed ETF outflows add selling pressure on Ethereum, which is already trading below $2,500.
Source: Bloomingbit