Spot Ethereum ETFs Lose More Than $150M

After three days of trading, US-based spot Ethereum exchange-traded funds (ETFs) have experienced a mixture of inflows and outflows, largely driven by significant outflows from Grayscale’s Ethereum Trust.

Data from SoSoValue shows that out of the eight new spot Ether ETFs, seven saw a combined outflow of $152 million on day three.

The top performers were BlackRock’s iShares Ethereum Trust ETF, which attracted $70.93 million, and Grayscale’s Ethereum Mini Trust, which saw inflows of $28.09 million.

Following behind were the Fidelity Ethereum Fund (FETH) and Bitwise’s Ethereum ETF (ETHW), with net inflows of $34.32 million and $16.34 million respectively.

However, the newly launched ETFs faced challenges due to continued heavy selling pressure from the recently transformed Grayscale Ethereum Trust.