Ether ETFs in the U.S. Face $358 Million Exit in 11 Days

Despite the outflows, these funds have accumulated a net inflow of $2.45 billion since launch.

_ What to know:_

• Ether ETFs have witnessed continuous net outflows over 11 days, amounting to a loss of $358.1 million.
• The price of ether declined nearly 7% during this time and is down 40% for the year.
• Even with these outflows, the ETFs still possess approximately $7 billion worth of ether and have a cumulative net inflow of $2.45 billion since their inception.

Spot ether (ETH) exchange-traded funds (ETFs) in the U.S. marked 11 consecutive days of net outflows, losing about $358.1 million as the price of ether dropped nearly 7%.
On Tuesday, BlackRock’s iShares Ethereum Trust ETF (ETHA) registered $12.9 million in outflows, which brings the total to $137.6 million during the tracked period, with Fidelity’s FETH and Grayscale’s ETHE also contributing to the total exit.
Currently, the total value held in spot ether ETFs approximates $7 billion, and despite the outflows, there has been a cumulative net inflow of $2.45 billion since their launch in July, according to SoSoValue data.
The price of ether has fallen from around $2,150 on March 8 to about $1,990 on Thursday, reflecting a roughly 40% decrease year-to-date.
In contrast, U.S. bitcoin (BTC) ETFs have recorded four consecutive days of inflows, with a cumulative total inflow of $35.8 billion since January of last year.