📶📶The nine U.S. spot Ethereum exchange-traded funds saw $133.16 million in net outflows on Wednesday, their second day of trading, reversing course from Tuesday’s positive flows. 🥈🥈
The Grayscale Ethereum Trust (ETHE) saw $326.86 million in net outflows — the only one logging outflows among the ether funds, according to data from SosoValue.
Fidelity’s FETH led the inflow pack with $74.46 million, followed by Grayscale Ethereum Mini Trust’s $45.93 million, Bitwise ETHW’s $29.64 million and VanEck ETHV’s $19.84 million in net inflows.😍😍
BlackRock’s ETHA experienced $17.44 million in net inflows, compared to Tuesday’s inflows of $266.55 million.
✅✅The spot ether ETFs generated about $951 million in trading volume on Wednesday, compared to $1.05 billion on Tuesday, their first day of trading, according to Yahoo Finance data compiled by The Block Pro Research. The nine funds logged about $106.78 million in net inflows on Tuesday.🥰🥰
SPOT BITCOIN ETFS EXPERIENCED INFLOWS
Meanwhile, the 11 spot bitcoin ETFs in the U.S. saw about $44.51 million flow into the funds on Wednesday, according to SosoValue data. Grayscale’s GBTC was the only bitcoin ETF to record negative flows with $26.22 million in net outflows.🎗
BlackRock’s IBIT logged $65.99 million in net inflows — the largest among the bitcoin funds — followed by Ark and 21Shares ARKB’s $3.29 million and Fidelity FBTC’s $1.44 million in net inflows.🥰
Ether fell 8.24% in the past 24 hours to change hands at around $3,158 at the time of writing, according to The Block’s price page. Bitcoin dropped 3% to trade at $63,901, as investors continue to weigh the impact of Mt. Gox’s latest transfers and macro developments.
📶📶The U.S. stock market registered multi-week lows on Wednesday. The Nasdaq Composite index closed down 3.6%, marking its worst day since October 2022, while the S&P 500 index fell 2.3%, experiencing its worst day since December 2022.
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