🚨JUST IN: US spot Ethereum ETFs just lost $110.5 MILLION in a single day, led by BlackRock.
BlackRock's ETHA shed $75.45 million, its staked version ETHB lost another $17.17 million, and Grayscale's two funds (ETH and ETHE) bled $10.69 million and $9.56 million. Fidelity's FETH was the only fund to take in new money, at just $2.37 million.
The reversal is notable. Ether ETFs had finally snapped a five-day outflow streak the day before with $14.96 million in inflows, only to flip straight back to red. ETHA's outflow alone was about five times larger than the previous day's total inflow.
The pain extends beyond one session. Ether funds have now lost roughly $1 billion in October, with ETHA accounting for nearly all of it, even as Bitcoin ETFs staged a $1 billion three-day comeback before Thursday's $635 million outflow.
Ether was trading near $2,390 on Thursday, and Ether ETFs now hold about $14.57 billion in assets, roughly 5% of ETH's market cap.
Taken together with Bitcoin's and Solana's outflows, crypto ETFs shed roughly $751 million in one day, a reminder that institutional demand remains highly sensitive to the macro backdrop.
#Ethereum #ETH #ETF #BlackRock #Crypto $ETH
BlackRock's ETHA shed $75.45 million, its staked version ETHB lost another $17.17 million, and Grayscale's two funds (ETH and ETHE) bled $10.69 million and $9.56 million. Fidelity's FETH was the only fund to take in new money, at just $2.37 million.
The reversal is notable. Ether ETFs had finally snapped a five-day outflow streak the day before with $14.96 million in inflows, only to flip straight back to red. ETHA's outflow alone was about five times larger than the previous day's total inflow.
The pain extends beyond one session. Ether funds have now lost roughly $1 billion in October, with ETHA accounting for nearly all of it, even as Bitcoin ETFs staged a $1 billion three-day comeback before Thursday's $635 million outflow.
Ether was trading near $2,390 on Thursday, and Ether ETFs now hold about $14.57 billion in assets, roughly 5% of ETH's market cap.
Taken together with Bitcoin's and Solana's outflows, crypto ETFs shed roughly $751 million in one day, a reminder that institutional demand remains highly sensitive to the macro backdrop.
#Ethereum #ETH #ETF #BlackRock #Crypto $ETH