The Ether Spot Exchange-Traded Fund (ETF) in the United States has recorded its longest streak of outflows since its debut on July 23.
According to data from Farside Investors, the Ether Spot ETF experienced consecutive outflows over five days, from August 15 to August 21.
In total, the Ether Spot ETF saw outflows of $92.2 million during those five trading days. During the same period, the Grayscale Ethereum Trust (ETHE) reported the largest outflow, totaling $158.6 million.
Trading data for August 22 has yet to be fully accumulated.
Declining Interest in Ether ETF Investments
The high outflows, coupled with low inflows, may indicate a waning interest among investors in the Ether ETF.
Only a few ETF products, such as the BlackRock iShares Ethereum Trust ETF (ETHA), Fidelity Ethereum Fund (FETH), Bitwise Ethereum ETF (ETHW), and the newly launched Grayscale Ethereum Mini Trust (ETH), experienced inflows during the five trading days.
ETHA attracted inflows of $37.6 million, while FETH and ETHW recorded inflows of $17.6 million and $5.6 million, respectively.
Meanwhile, ETH reported relatively small inflows of $9.1 million. Since its launch, ETH has not reported any outflows and has maintained positive inflows, reaching $231.9 million as of August 21.
Overall, the net fund flows across nine Ether Spot ETFs in the U.S. remain negative, totaling $458.5 million. The largest outflow contributor was the Grayscale ETHE, which saw over $2.5 billion in outflows from July 23 to August 21.
On the other hand, Farside data shows that Bitcoin Spot ETFs in the U.S. managed to record positive inflows over five trading days from August 15 to August 21. On August 20, Bitcoin ETFs registered inflows of $88 million, with BlackRock iShares Bitcoin Trust (IBIT) leading with $55.4 million.
Overall, Bitcoin Spot ETFs have recorded net inflows of $17.5 million since their launch on January 11 through the last trading day on August 21.
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