Spot Ethereum ETFs Lose $133 Million

According to data released by Farside Investors, spot Ethereum ETFs experienced a total outflow of $133.3 million on July 24, as reported by Fidelity Investments.

Notably, only the Grayscale Ethereum Trust (ETHE) experienced a significant outflow of $326.9 million. Despite this, on their first day of trading, spot ETH ETFs saw a staggering $1 billion in trading volume, with a net inflow of $106.6 million.

Data from Farside Investors shows that the ETHE fund has already seen a total outflow of $811 million in just two days.

On the other hand, the Grayscale Ethereum Mini Trust (ETH) saw inflows of $45.9 million and $15.1 million on July 24th and 23, respectively. Most of the inflows were seen in the Fidelity Advantage Ether ETF (FETH), totaling $74.5 million.

Additionally, the WisdomTree Physical Ethereum Securities ETP (ETHW) and the VanEck Ethereum ETF (ETHV) also saw significant inflows of $29.6 million and $19.8 million, respectively.