Ethereum ETFs remain in red as daily net outflows hit $4.95M

U.S. spot Ethereum ETFs ended June 12 with $4.95 million in daily net outflows.

Total trading value reached $483.85 million, while net assets stood at $9.16 billion. The funds accounted for 4.56% of Ethereum’s market capitalization after the latest update. 

Ethereum ETF losses deepen as ETHA and FETH lead daily outflows 

Tracking the trend of each Ethereum ETF, the recent update indicates that BlackRock’s ETHA led the group by net assets and trading activity. ETHA held $4.75 billion in net assets, equal to a 2.36% Ethereum share. The fund recorded $4.53 million in daily net outflow and 2,720 ETH in daily ETH outflow. ETHA traded at $12.57, down 1.02%, with $355.36 million in value traded. Its daily volume reached 28.21 million shares, the highest level among the listed funds.

Source: SoSoValue (Ethereum ETFs)

Fidelity’s FETH reported the second daily outflow among the listed products. The fund recorded $415,230 in daily net outflow and 249.04 ETH in daily ETH outflow. FETH held $799.31 million in net assets and traded at $16.58. Its price fell 1.01%, while the value traded reached $29.78 million.

Grayscale ETH and ETHE stay flat on flows as prices decline 

Grayscale’s ETH ranks second by net assets with $1.46 billion. The fund recorded no daily net inflow and no daily ETH inflow on June 12. ETH traded at $15.83, down 0.94%, with $46.86 million in value traded. Its volume reached 2.95 million shares, while its fee stood at 0.15%.

Grayscale’s ETHE followed with $1.30 billion in net assets. ETHE also recorded zero daily net inflow and zero daily ETH inflow. The fund traded at $13.47, down 0.96%, with $30.05 million in traded value. Its 2.50% fee ranked as the highest.

ETHB held $523.40 million in net assets and recorded no daily net inflow. The fund traded at $21.41, down 1.02%, with $3.69 million in value traded. ETHW held $181.06 million and also recorded zero daily flow. It traded at $11.90, down 1.08%, with $10.10 million traded.

Smaller Ethereum ETFs extend zero-flow streak 

ETHV, EZET, QETH, and TETH also showed no daily inflow changes. For these Ethereum ETFs, the net assets were $82.25 million, $34.12 million, $16.29 million, and $15.99 million, respectively. Their daily price declines ranged from 0.86% to 1.02%. TETH recorded $5.23 million in value traded, above several smaller funds.

Premium and discount readings remained negative across all listed Ethereum ETFs. ETHW showed the widest discount at-0.23%, while QETH showed-0.07%. Fee levels ranged from 0.15% to 2.50%, with ETHE at the top. Most funds carried fees between 0.19% and 0.25%. 

QETH traded at $16.56, down 0.90%, with $735,490 in value traded. EZET traded at $12.61, down 1.02%, with $612,900 traded. ETHV traded at $24.34, down 0.86%, with $1.45 million traded.