Ethereum ETFs Hemorrhage $50 Million

According to data provided by SoSoValue, Ethereum ETFs have recorded outflows of $53 million.

BlackRock’s iShares Ethereum Trust ETF (ETHA) saw the largest chunk of outflows with more than $40 million. Grayscale Ethereum Mini Trust (ETH) and Fidelity Ethereum Fund (FETH) are also in the red with $9.33 million and $3.32 million worth of outflows, respectively.

These products have now recorded 10 consecutive days of negative flows.

Bitcoin ETFs turn the tide

After a severe drought, Bitcoin ETFs recorded a total net inflow of $209 million on Tuesday.

However, it is worth noting that BlackRock’s iShares Bitcoin Trust ETF (IBIT) has accounted for all of the inflows with $218 million.

Meanwhile, the ARK 21Shares Bitcoin ETF has recorded $9 million worth of outflows.