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The nine spot Ethereum ETFs in the US saw net outflows totaling $77.21 million on Wednesday, reversing the previous day’s positive trend.On the other hand, the Grayscale Ethereum Mini Trust continued to maintain an inflow streak for seven consecutive days. It attracted $19.5 million on the closing day of July, bringing its total net inflows to over $200 million.
Fidelity’s FETH followed suit with $18.8 million in inflows, while BlackRock’s ETHA and VanEck’s ETHV saw inflows of $4.98 million and $4.81 million, respectively. Bitwise’s ETHW recorded $4.71 million in inflows, and 21Shares’ CETH saw $3.38 million for the same period.The latest outflows come just a day after spot Ethereum ETFs recorded net inflows for the second time in their existence. However, the $33.
Last month, Binance CEO Richard Teng also echoed a similar sentiment when he said that a steady capital deployment into these ETFs is anticipated. In a, Teng, however, added that it is unlikely for the funds to be dramatic initially and will instead rely on various macroeconomic factors.
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