According to a SoSoValue update as of January 20, the Ethereum ETFs market experienced outflows, totaling $229.95 million in daily net outflow. The cumulative net inflow for Ethereum ETFs totaled $12.68 billion, indicating positive long-term growth. The total value traded for the day was $2.23 billion, with the total net assets of Ethereum ETFs standing at $18.41 billion, representing 5.07% of Ethereum’s market cap.
A deep dive reveals that BlackRock’s ETHA recorded the largest outflow of $92.30 million, resulting in a decrease of 30.83K ETH. ETHA’s total net assets remain the highest at $10.61 billion. The fund’s market price fell 8.88% to $22.67. Its trading volume was 65.51 million shares.
Fidelity’s FETH experienced an outflow of $51.54 million, resulting in 17.21K ETH being redeemed. The fund has $2.62 billion in net assets, and its market price fell 8.92% to $29.92. The trading volume for FETH was 6.12 million shares.
Grayscale’s ETHE ETF also experienced notable outflows, with $38.50 million withdrawn and 12.86K ETH redeemed. ETHE now holds net assets worth $2.67 billion. The market price of ETHE fell 8.92% to $24.52. Its trading volume was 8.45 million shares.
Grayscale’s ETH ETF, similar to ETHE, had outflows of $11.06 million and 3.69K ETH. The ETF’s cumulative net inflow is $1.61 billion, but the current market price decreased by 8.90%, closing at $28.35. The total net assets for ETH stand at $2.29 billion.
On the other hand, ETHW by Bitwise and ETHV by VanEck Ethereum ETFs also saw outflows, with ETHW recording a net outflow of $31.08 million and ETHV a smaller outflow of $5.47 million. In contrast, EZET (Franklin), TETH (21Shares), and QETH (Invesco) recorded no inflows or outflows, indicating stable trends for those Ethereum ETFs.
The post Ethereum ETFs Update: Outflows Total $229.95M as BlackRock’s ETHA Lead Losses appeared first on Blockonomi.
