Key points:
- Ethereum ETF Outflows hit $79.2 million on Monday, with Grayscale’s ETHE recording outflows of $80.5 million.
- Spot bitcoin ETFs, meanwhile, experienced modest inflows of $4.5 million on Monday.
Ethereum ETF outflows hit $79.21M on Monday, led by Grayscale’s ETHE. Meanwhile, Bitcoin ETFs recorded $4.56M in inflows, extending their three-day streak.
Ethereum ETF Outflows Reach $79 Million, Led by Grayscale
Ethereum ETF outflows hit $79.21 million on Monday, the largest since July. Grayscale’s Ethereum Trust (ETHE) dominated outflows with $80.55 million leaving the fund. For comparison, Bitwise’s ETHW saw minor inflows of $1.34 million while the remaining seven saw no activity.
The nine ETFs also saw higher market activity as the trading volume rose to $167.35 million on the back of this big outflow from Grayscale’s fund, according to Sosovalue data.
Read more: Hong Kong Ethereum ETF Staking Could Be Approved This Year
Bitcoin ETFs Record $4.56M in Inflows Amid Ethereum ETF Outflows
While Ethereum ETFs suffered heavy outflows, spot Bitcoin ETFs continued to attract net inflows with a gain of $4.56 million on Monday. Leading the inflows was Fidelity’s FBTC with inflows of $24.93 million and BlackRock’s IBIT with $11.54 million inflows.
However, Grayscale’s GBTC lost $40.33 million against these inflows led by the other Bitcoin ETFs. Despite these movements, the total trading volume for the 12 Bitcoin ETFs dropped to $949.72 million.
| DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
Visited 60 times, 1 visit(s) today
Source: Coincu
