U.S. Ether (ETH) Spot ETFs have reported net outflows for the 11th consecutive day, totaling $358.1 million as the price of ether declined by nearly 7%. Despite these withdrawals, the funds have accumulated a net inflow of $2.45 billion since inception. Currently, these ETFs hold about $7 billion in ether. As of March 8, the price of ether fell from approximately $2,150 to around $1,990, marking a year-to-date decrease of roughly 40%. The outflows were particularly impacted by BlackRock's iShares Ethereum Trust ETF, which saw $12.9 million in outflows, alongside Fidelity’s FETH and Grayscale's ETHE. In contrast, U.S. bitcoin ETFs recorded their fourth consecutive day of inflows, with a total net inflow of $35.8 billion since January of the previous year.

Source 🔗