This day marked significant volatility for spot Ether exchange-traded funds (ETFs), which experienced total net outflows of $163 million, according to SoSo Value.
Since the launch of spot Ether ETFs in the United States on July 23, Grayscale’s Ethereum Trust ETF has seen substantial investor withdrawals totaling over $1.5 billion.
In contrast, Grayscale’s Ethereum Mini Trust ETF (ETH) has experienced a different trend. On July 26, it recorded a net inflow of $44.9 million, bringing its total net inflows to $164 million since its inception.
BlackRock’s iShares Ethereum Trust ETF (ETHA) has garnered the most investor interest among these ETFs. On July 26, ETHA reported a net inflow of $87.2 million, boosting its total net inflows to $442 million.
Currently, the total net asset value of spot Ether ETFs stands at $9.2 billion.
The ETF net asset ratio, which indicates the market value of ETFs relative to Ethereum’s total market value, is at 2.36%.
Despite these figures, the historical cumulative net outflow for spot Ether ETFs has reached $341 million.