The $1,97 billion influx of funds into Ethereum-based exchange-traded funds, which lasted eight days, has ceased. On Thursday, October 9, investors withdrew from ETH.ETF nearly $8,7 million
Fidelity’s FETH saw the largest outflow, with $30,3 million withdrawn. Bitwise’s ETHW, VanEck’s ETHV, 21Shares’ CETH, and Invesco’s QETH also saw small outflows. BlackRock’s ETHA was the only exception, receiving nearly $39,3 million from investors and extending its positive inflow period to nine days. During this time, it attracted over $1,4 billion. The other funds saw no movement.
On Wednesday, ETH trading volume wasETF amounted to $2,31 billion, indicating the high level of activity observed since the summer. BlackRock’s ETHA again led in trading volume with $1,65 billion, followed by Grayscale’s ETH with $213,5 million and Fidelity’s FETH with $185 million.
Meanwhile, spot bitcoin ETF raised $197,8 million, bringing the total fundraising to $5,96 billion.
At the time of writing the article Bitcoin traded at $121,942, up 0,4% in 24 hours. Efirium has fallen 0,7% over the past 24 hours and is now worth $4362.