Ethereum ETFs Record $23.10M Outflow as Market Prices Decline

• Ethereum ETFs recorded a $23.10M net outflow, with ETHA and FETH reporting the highest daily inflows.
• BlackRock’s ETHA lost $11.17M, while Fidelity’s FETH gained $11.93M, marking the strongest inflow among ETFs.
• ETHW, ETHV, EZET, QETH, and CETH reported no net inflows, with daily price declines between 1.78% and 2.14%.

Ethereum-based exchange-traded funds (ETFs) recorded varying net inflows as the total market saw a downturn. The daily total net inflow stood at -$23.10 million as of March 7, while cumulative net inflows reached $2.70 billion. The total value traded amounted to $386.86 million, and total net assets reached $7.76 billion, representing 2.98% of Ethereum’s market cap.

ETHA and FETH Lead Net Inflows, While ETHE and ETHW Stay Neutral

According to SoSoValue, BlackRock’s ETHA on NASDAQ saw an outflow of $11.17 million, bringing cumulative net inflows to $4.21 billion. The ETF held $2.74 billion in net assets, with an ETH share of 1.05%. Its market price dropped to $16.31, reflecting a 2.04% decline. Trading volume reached 13.18 million, with a total value traded of $217.68 million.

Grayscale’s ETHE and ETH on NYSE remained neutral in daily net inflows, holding cumulative net inflows of -$4.13 billion and $613.56 million, respectively. ETHE had $2.68 billion in net assets, a market price of $18.00, and a 1.96% daily decline. ETH reported $1.03 billion in net assets, a 2.12% daily drop, and a trading volume of 2.17 million.

Fidelity’s FETH on CBOE saw the highest positive daily inflow of $11.93 million, bringing cumulative net inflows to $1.47 billion. The ETF held $943.73 million in net assets, with an ETH share of 0.36%. It recorded a market price of $21.54, marking a 2.05% decline, with a daily volume of 2.38 million.

ETHW Holds Steady While ETHV, EZET, QETH, and CETH Report No Net Inflows

Bitwise’s ETHW on NYSE remained unchanged in net inflows while holding $208.27 million in net assets. The ETF’s market price declined 1.78% to $15.48, with a total value traded of $4.40 million.

Other ETFs, including VanEck’s ETHV, Franklin’s EZET, Invesco’s QETH, and 21Shares’ CETH, reported no net inflows. ETHV had $100.96 million in net assets, while EZET stood at $27.21 million. QETH and CETH held $16.53 million and $15.84 million, respectively, with daily price changes between -2.08% and -2.14%.