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Spot Ethereum ETFs see document $465M outflow, led by BlackRock’s ETHA

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Spot Ethereum ETFs see record $465M outflow, led by BlackRock's ETHA

On Aug. 4, US spot Ethereum exchange-traded funds (ETFs) noticed $465.1 million in web outflows, marking the most important single-day withdrawal since their launch.

SoSo Worth information reveals that BlackRock’s ETHA fund was the first contributor, with $375 million in outflows, setting a brand new document for the fund and ending its 21-day streak of consecutive inflows.

Chart displaying Ethereum ETFs stream since launch (Supply: SoSo Worth)

Constancy’s FETH adopted with a $55 million outflow, whereas Grayscale’s ETHE and Grayscale Ethereum Mini Belief had withdrawals of $6.98 million and $28 million, respectively. Different funds noticed no adjustments throughout the day.

These outflows observe a interval of record-breaking inflows, with greater than $5 billion in new capital flowing into these Ethereum spot ETFs all through July.

Regardless of the latest substantial capital exit, ETH’s worth stays unchanged over the past 24 hours, up by 1.4% to $3,623 as of press time, in line with CryptoSlate’s information.

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