Funds tracking spot Ether (ETH) in the United States ended Oct. 28 with a $21.4 million net withdrawal, as losses at BlackRock’s trust outweighed gains at three peer products.
BlackRock’s iShares Ethereum Trust had $44.8 million leave the fund. Fidelity Ethereum Fund received $18.8 million, Grayscale Ethereum Mini Trust added $3.6 million and MSSE took in $1 million. Those three additions totaled $23.4 million, $21.4 million less than the amount taken out of BlackRock’s fund.
ETHB, ETHW, TETH, ETHV, QETH, EZET and ETHE reported no net movement. That day, withdrawals across the group exceeded new investment.
U.S. spot Ether funds also had a $60.2 million outflow on Oct. 27, as EconoTimes reported in its account of that session. The Oct. 28 figure was smaller, but fund totals remained negative on Oct. 26, 27 and 28.
Over five trading days ending Oct. 28, combined flows were down $276.4 million. Since launch, cumulative net flows totaled $12.578 billion.
