SUMMARY

On Thursday, U.S. spot ether ETFs experienced $39.2 million in net outflows, while spot bitcoin ETFs recorded $11.1 million in inflows. Grayscale’s ETHE fund alone saw $42.5 million in outflows.

On Thursday, U.S. spot Ethereum ETFs experienced $39.21 million in net outflows, finishing a three-day streak of positive inflows. The Grayscale Ethereum Trust (ETHE) was a critical contributor to this trend, with $42.52 million leaving the fund. It was the only spot ether ETF to report outflows on Thursday. In the meantime, other ether ETFs, including the Grayscale Ethereum Mini Trust, detailed no flows, following moderate inflows of $2.26 million the past day. Fidelity’s FETH saw net inflows of $2.54 million, and BlackRock’s ETHA recorded $770,350 in new investments. The remaining ETFs saw no changes in their net flows.

The total day-by-day trading volume for the nine Ethereum ETFs amounts to $240.58 million, a striking increase from $155.91 million on Wednesday and $190.76 million on Tuesday. This spike in trading volume shows increased market movement, despite the general outflows for Ethereum funds.

In contrast, U.S. spot bitcoin ETFs had a more positive day, with $11.11 million in net inflows, reversing the past day’s $81.36 million in outflows. Grayscale’s GBTC was the only bitcoin ETF to report negative flows, with $25.03 million leaving the fund, amplifying its outflow streak to 11 successive days. BlackRock’s IBIT, the biggest spot bitcoin ETF by net assets, saw no flows on Thursday, following noteworthy inflows of $2.68 million and $34.55 million on Wednesday and Tuesday, respectively.

Fidelity’s FBTC led the bitcoin ETFs with the biggest inflows of the day, totaling $16.25 million. The Grayscale Mini Trust followed with $13.66 million in net inflows, and Bitwise’s BITB recorded $6.23 million. This action brought the total trading volume for the 12 spot bitcoin ETFs to $1.79 billion on Thursday, a noteworthy rise from $1.3 billion the past day.

Bitcoin itself experienced a slight decrease of 0.37% over the past 24 hours, trading at $58,161. Ether also saw a decrease, losing 2.31% to trade at $2,583. This drop in cryptocurrency prices reflects broader market fluctuations, affecting both Ethereum and Bitcoin ETFs.

Overall, the shifts in ETF flows highlight an energetic market environment for digital resources. The significant outflows from Ethereum ETFs, especially Grayscale’s ETHE, contrast strongly with the more positive inflows seen in the Bitcoin ETF sector. This uniqueness underscores the volatility and varied investor sentiment within the cryptocurrency market. As the digital resource landscape continues to advance, following these trends will be pivotal for understanding the broader implications for both Ethereum and Bitcoin investments.