U.S. spot Ether (ETH) exchange-traded funds recorded $105.48 million in net withdrawals on Oct. 29, extending the outflow run to four sessions as BlackRock’s ETHA accounted for most of the decline.
SoSoValue data put the previous session’s net outflow at $21.41 million, making Thursday’s withdrawal roughly 4.9 times as large. EconoTimes covered the Oct. 28 outflow.
ETHA had $71.68 million in net withdrawals. BlackRock’s ETHB lost $15.60 million, Grayscale’s ETHE shed $15.54 million and Grayscale’s ETH recorded $5.57 million in withdrawals. FETH was the sole fund with net inflows among the 11, at $2.90 million.
Trading volume across the products reached $711.58 million, with ETHA accounting for $517.37 million. The funds held $13.98 billion in combined net assets, about 5.07% of Ethereum’s market capitalization, while cumulative net inflows stood at $12.44 billion. Net assets totaled $7.29 billion at ETHA, $2.18 billion at Grayscale’s ETH and $1.61 billion at ETHE.
