For five days now, between August 15 to 21, spot Ether ETFs in the US have experienced a cumulative loss of investments. It is the longest streak of outflows in a month since the ETFs were launched late in July. Specifically, ETH ETFs experienced a loss of USD 92.2 million over the five days in question.
With an out aggregate outflow in excess of USD 2.5 billion as of yesterday, Grayscale’s ETHE has eclipsed the majority of investments by the nine Ethereum ETFs that were approved recently.
There’s been a daily offloading of investments from the ETHE, with the only exception occurring on August 12 whose figure remained unchanged, according to data from Farside Investors.
Grayscale ETHE Records A USD 158.6 Million Outflow
A breakdown of the details indicates a USD 158.6 million outflow for the Grayscale ETHE between August 15 to 21. However, the impact of the outflows was dampened by similar inflows from the likes of Blackrock’s ETHA, Fidelity’s FETH, and Bitwise’s ETHW.
Contrastingly, there has not been any reported loss by the Grayscale ETH fund since it was introduced. The ETH cash flow presently stands at a healthy USD 231.9 million.
On August 20, ETHA became the first Ethereum ETF to record USD 1 billion in net inflows. The current net ETH ETF investments outflow is negative (USD-458.5 million).
Conversely, US Bitcoin (BTC) ETF investments, launched at the start of this year, have a net positive value of USD 17.5 billion. The positive figure comes despite outflows of USD 19.6 billion recorded by Grayscale Bitcoin Trust’s (GBTC).
Additionally, US spot Bitcoin ETFs had positive flows in eight of the past 10 days. Notably, data from Farside Investors show that they recorded a cumulative inflow of USD 88 million on August 20, the highest in a fortnight.
The major contributor was BlackRock’s IBIT which posted a USD 55.4 million inflow, taking its total net inflow since it was launched early in the year to USD 20.5 billion.
Blackrock’s ETHA Sees Cumulative Net Inflows Pass The USD 1 Billion Mark
Meanwhile, BlackRock’s iShares Ethereum Trust (ETHA) cumulative net inflows exceeded USD 1 billion, according to a news report yesterday. This achievement makes the ETHA, the first to accomplish this milestone among 11 issuers.
ETHA’s net assets are now valued at more than USD 860 million, behind only Ethereum Trust ETHE and Grayscale’s Mini Ether Trust (ETH).
Data below from SoSoValue indicates that ETHA’s net inflows are higher than the combined inflows of the next three largest ETF inflows. Since the funds were launched in July, Fidelity’s FETH has taken on USD 367 million, Bitwise’s ETHW USD 310 million and Grayscale’s ETH USD 227 million.
The data reveals that the net inflows by other ETFs were lower than USD 60 million. The biggest loser has been Grayscale’s ETHE which has seen a USD 2.7 billion net outflows since its launch.
