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NewsBTC 2025-01-05 06:30:11

Ethereum ETFs Record $38 Million Outflows, Break 5-Week Positive Streak – Details

Amidst a general crypto market rally, the price of Ethereum surged by 8.07% in the past week marking a return into the $3,600 price zone. Despite this price gain, the Ethereum Spot ETFs recorded a net weekly outflow of $38.20 million, ending a five-week positive streak. Interestingly, the underperformance coincided with the Bitcoin Spot ETFs managing a return to the green track as they recorded their lowest positive inflows in the last five months. Related Reading: Ethereum Spot ETFs Witness Unbroken 16-Day Inflow Streak: New ETH ATH Soon? Ethereum Spot ETFs Open 2025 On Negative Note Following the US elections in November, the Ethereum Spot ETFs alongside other crypto-related markets registered a massive level of investor interest tied to the expectations of a pro-crypto government led by President-elect Donald Trump. Despite a significant wide-scale crypto price correction in which ETH price dropped by 23%, interest in the Ethereum Spot ETFs remained strong with an estimated $2.11 billion recorded in net inflows over the month. However, data from SoSoValue shows these Ethereum ETFs have now experienced a net outflow of 38.20 million in the first trading week of 2025, indicating a change in US institutional investors’ sentiments. Bitwise’s ETHE accounted for the largest outflows valued at $56.11 million, followed by Grayscale’s ETHE, which recorded around $51.62 million in withdrawals. Franklin Tempton’s EZET also registered outflows to the tune of $3.11 million. Meanwhile, Fidelity’s FETH experienced the largest inflows in the past week with investments of $38.42 million as BlackRock’s ETHA emerged second with $33.88 million in new deposits. Grayscale’s ETH witnessed modest inflows of 1.10 million as 21 Shares’ CETH and VanEck’s ETHV saw no market flows at all. At press time, BlackRock’s ETHA remains the most attractive Ethereum Spot ETF with total cumulative inflows of $3.56 billion. However, Grayscale’s ETHE maintains market dominance with net assets of $5.07 billion. Despite the recent weekly net outflows, the Ethereum Spot ETFs have experienced remarkable growth in the past few months resulting in a current total net assets of $13.03 billion representing 3% of the Ethereum market cap. Related Reading: Ethereum Battles Bearish Retail Sentiment Amid Surging ETF Demand Bitcoin ETFs Register $245 Million Inflows As 2025 Begins While Ethereum Spot ETFs saw another week of negative returns, their Bitcoin counterparts recorded $244.99 million in weekly inflows, driven by a substantial $908.10 million investment on Friday. Total net assets in the Bitcoin Spot ETF market is now valued at $111.46 billion with the BlackRock’s IBIT asserting a 48.68% market dominance. At the time of writing, Bitcoin continues to trade at $97,638 with the market price of Ethereum hovering around $3,660. Featured image from Lxme, chart from Tradingview

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