US Spot Ethereum ETFs Record $88.58 Million in Net Outflows
United States spot Ethereum exchange-traded funds recorded $88.58 million in net outflows, led by fund reductions from BlackRock's ETHA.
United States spot Ethereum exchange-traded funds registered $88.58 million in net outflows, according to data from bloomingbit. The daily negative flow was heavily impacted by capital withdrawals from BlackRock's ETHA fund.
ETF Outflows Detail
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The broader market movement reflects a contraction in daily allocations for exchange-traded investment products tracking the second-largest cryptocurrency by market capitalization.
Key facts
- US spot Ethereum ETFs recorded $88.58 million in net outflows
- BlackRock's ETHA contributed to the fund reductions
- Data was reported by bloomingbit
Source: news.google.com
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