Ethereum-based ETFs recorded varying fund flows amid a decline in market prices, with a total outflow of $23.10 million.
ETHA and FETH Lead Net Inflows
BlackRock’s ETHA on NASDAQ experienced an outflow of $11.17 million, with cumulative net inflows of $4.21 billion. Its market price fell 2.04% to $16.31. Fidelity's FETH on CBOE saw the highest positive daily inflow of $11.93 million, with cumulative net inflows of $1.47 billion and a market price of $21.54, marking a 2.05% decline.
ETHE and ETHW Remain Neutral
Grayscale's ETHE and ETH on NYSE remained neutral in daily net inflows, with cumulative net inflows of -$4.13 billion and $613.56 million, respectively. Bitwise's ETHW on NYSE held steady in net inflows.
ETHW Holds Steady, No Inflows for ETHV, EZET, QETH, and CETH
ETHW maintained $208.27 million in net assets, with a 1.78% price decline to $15.48. Other ETFs like ETHV, EZET, QETH, and CETH reported no net inflows, with price changes ranging from -2.08% to -2.14%.
Ethereum ETFs are experiencing significant outflows amid declining market prices, while some funds remain in neutral positions.
