Ethereum ETFs Update: Outflows Total $229.95M as BlackRock’s ETHA Lead Losses

TLDR

• Ethereum ETFs saw a daily net outflow of $229.95M, with long-term growth in cumulative inflows.
• BlackRock’s ETHA suffered the largest outflow, losing $92.30M, while its total net assets remain at $10.61B.
• Fidelity’s FETH experienced $51.54M in outflows, with a market price drop of 8.92% to $29.92.
• Grayscale’s ETH ETFs (ETHE, ETH) also faced outflows, with ETHE losing $38.50M and ETH $11.06M.
• ETHW, ETHV saw smaller outflows, while EZET, TETH, and QETH ETFs experienced stable trends with no inflows or outflows.

According to a SoSoValue update as of January 20, the Ethereum ETFs market experienced outflows, totaling $229.95 million in daily net outflow. The cumulative net inflow for Ethereum ETFs totaled $12.68 billion, indicating positive long-term growth. The total value traded for the day was $2.23 billion, with the total net assets of Ethereum ETFs standing at $18.41 billion, representing 5.07% of Ethereum’s market cap.

BlackRock’s ETHA Bleeds $92.3M, Followed by Fidelity’s FETH

A deep dive reveals that BlackRock’s ETHA recorded the largest outflow of $92.30 million, resulting in a decrease of 30.83K ETH. ETHA’s total net assets remain the highest at $10.61 billion. The fund’s market price fell 8.88% to $22.67. Its trading volume was 65.51 million shares.

Fidelity’s FETH experienced an outflow of $51.54 million, resulting in 17.21K ETH being redeemed. The fund has $2.62 billion in net assets, and its market price fell 8.92% to $29.92. The trading volume for FETH was 6.12 million shares.

Mid-Tier Ethereum ETFs Join the Outflow List, Others Hold Steady

Grayscale’s ETHE ETF also experienced notable outflows, with $38.50 million withdrawn and 12.86K ETH redeemed. ETHE now holds net assets worth $2.67 billion. The market price of ETHE fell 8.92% to $24.52. Its trading volume was 8.45 million shares.

Grayscale’s ETH ETF, similar to ETHE, had outflows of $11.06 million and 3.69K ETH. The ETF’s cumulative net inflow is $1.61 billion, but the current market price decreased by 8.90%, closing at $28.35. The total net assets for ETH stand at $2.29 billion.

On the other hand, ETHW by Bitwise and ETHV by VanEck Ethereum ETFs also saw outflows, with ETHW recording a net outflow of $31.08 million and ETHV a smaller outflow of $5.47 million. In contrast, EZET (Franklin), TETH (21Shares), and QETH (Invesco) recorded no inflows or outflows, indicating stable trends for those Ethereum ETFs.

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