Ethereum ETFs Lose $50 Million
Ethereum ETFs have experienced considerable withdrawals, whilst Bitcoin ETFs have recovered following a tough patch.
SoSoValue data shows that Ether ETFs have seen a $53 million outflow.
BlackRock’s iShares Ethereum Trust ETF (ETHA) recorded the most outflows, at more than $40 million. Greyscale Ethereum Mini Trust (ETH) and Fidelity Ethereum Fund (FETH) have also lost money, with outflows of $9.33 million and $3.32 million, respectively.
These products have now had ten consecutive days of negative flow.
Bitcoin ETFs Turn the Tide
Following a prolonged drought, Bitcoin ETFs received a cumulative net inflow of $209 million on Tuesday.
However, it is worth mentioning that BlackRock’s iShares Bitcoin Trust ETF (IBIT) has received all of the inflows, totalling $218 million. Meanwhile, the ARK 21Shares Bitcoin ETF has had $9 million in outflows.