Ethereum ETFs Post $77.2M in Outflows

According to data from Farside Investors, spot Bitcoin ETFs saw a net inflow of approximately $300,000 on July 31, as reported. This was led by BlackRock’s iShares Bitcoin Trust (IBIT), which saw $21 million in inflows and has now had three consecutive months without any outflows.

Also on July 31, Grayscale launched a new spot Bitcoin Mini Trust (BTC) on NYSE Arca, with $18 million in inflows on its debut day.

However, these inflows were offset by outflows from Fidelity’s FBTC, Bitwise’s BITB, and Ark 21Shares’ ARKB, amounting to a total of $38.7 million. Other investment products remained neutral.

The data also shows that spot Ethereum ETFs experienced net outflows of $77.2 million on July 31. The majority of these outflows came from Grayscale’s ETHE fund, which had $133.3 million in outflows. Since its launch on July 23, the ETHE fund has seen $1.97 billion in outflows.

In contrast, Grayscale’s Mini ETH fund recorded $19.5 million in inflows on July 31.