U.S. spot Ether ETFs see $21.4M outflow, led by BlackRock's $44.8M withdrawal on Oct. 28
U.S. spot Ether (ETH) exchange-traded funds experienced a net outflow of $21.4 million on October 28, marking the third consecutive day of withdrawals. BlackRock's iShares Ethereum Trust led the outflows with $44.8 million withdrawn, while other funds like Fidelity Ethereum Fund and Grayscale Ethereum Mini Trust saw inflows. Despite some inflows totaling $23.4 million, they were outweighed by BlackRock's outflow. Over the past five trading sessions, these funds have seen a combined net outflow of $276.4 million, though cumulative net flow since launch remains positive at $12.58 billion. This trend highlights investor caution in the short term for Ether ETFs.
U.S. spot Ether (ETH) exchange-traded funds experienced a net outflow of $21.4 million on October 28, marking the third consecutive day of withdrawals. BlackRock's iShares Ethereum Trust led the outflows with $44.8 million withdrawn, while other funds like Fidelity Ethereum Fund and Grayscale Ethereum Mini Trust saw inflows. Despite some inflows totaling $23.4 million, they were outweighed by BlackRock's outflow. Over the past five trading sessions, these funds have seen a combined net outflow of $276.4 million, though cumulative net flow since launch remains positive at $12.58 billion. This trend highlights investor caution in the short term for Ether ETFs.
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