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US Ethereum ETF sees $14.9 million outflow after 7 trading days

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JOON HYOUNG LEE
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  • The US Ethereum spot ETF has reported a $14.9 million outflow after 7 trading days.
  • Notably, $22.3 million was withdrawn from Grayscale ETHE, while $7.3 million and $3.1 million were inflows into Fidelity FETH and another Grayscale investment product, respectively.
  • As a result, the investment flow of Ethereum ETF is showing volatility.
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  • The article was summarized using an artificial intelligence-based language model.
  • Due to the nature of the technology, key content in the text may be excluded or different from the facts.

The US Ethereum (ETH) spot Exchange-Traded Fund (ETF) has turned to an outflow after 7 trading days.

According to the financial information platform Farside Investor on the 24th, $14.9 million (approximately 21.5 billion KRW) was withdrawn from the US Ethereum spot ETF on the previous day (23rd). This marks the first outflow in 7 trading days.

Specifically, $22.3 million was withdrawn from Grayscale ETHE. Meanwhile, $7.3 million flowed into Fidelity FETH, and $3.1 million into Grayscale ETH Minitrust.

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gilson@bloomingbit.ioCrypto Journalist