Spot Ethereum ETFs See Outflows of $23 Million

Bitcoin exchange-traded funds in the US saw net inflows of $45.14 million on Wednesday after experiencing outflows of around $554 million in the past three trading days.

Data from SoSoValue showed that BlackRock’s IBIT led the inflows with $52.52 million, followed by WisdomTree’s BTCW with $10.5 million, marking its largest inflow to date.

Grayscale’s Bitcoin Mini Trust added $9.71 million and Bitwise’s BITB saw $3 million in inflows.

On the other hand, Ethereum ETFs saw net outflows of $23.68 million, led by Grayscale’s ETHE with $31.86 million in outflows.

However, Fidelity’s FETH saw inflows of $4.7 million, and Bitwise and Franklin Templeton also reported net inflows. The total daily trading volume for ether ETFs was $322.85 million, but they have seen a total of $387.35 million in outflows since their July 23 launch.