---
title: "US Ethereum spot ETFs see $133 million outflows one day after strong debut"
url: https://diffcoin.com/us-ethereum-spot-etfs-see-133-million-outflows-one-day-after-strong-debut/
description: "Traders pulled $133 million from US Ethereum ETFs on the second day. Fidelity Ethereum Fund topped the charts with $74.5 million in inflows."
published: 2024-07-25
updated: 2024-07-25
author: "Mila"
site: "Diffcoin"
---

# US Ethereum spot ETFs see $133 million outflows one day after strong debut

### Key Takeaways

- US spot Ethereum exchange-traded funds (ETFs) flows turned negative on the second day.
- Fidelity’s Ethereum Fund outperformed BlackRock’s Ethereum ETF, which led the first day with over $266 million.

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US spot Ethereum exchange-traded funds (ETFs) have seen a decline in net inflows after a strong start with almost $107 million. According to data from Farside Investors, investors withdrew around $133 million from these products on the second day of trading.

Fidelity’s Ethereum Fund (FETH) outpaced BlackRock’s iShares Ethereum Trust (ETHA) to become the day’s leader with nearly $74.5 million in net inflows. Meanwhile, BlackRock’s fund took in nearly $17.5 million on Wednesday.

Source: Farside Investors

On the first day of trading, ETHA led the pack with over $266 million. ETHA’s flows and additional inflows from seven other Ethereum ETFs managed to offset massive outflows from Grayscale’s Ethereum ETF (ETHE) on its debut day.

However, a similar dynamic did not play out on the second day. Grayscale’s ETHE bled nearly $327 million, bringing the total outflows to $811 million in the last two days.

![Sapphire](https://static.cryptobriefing.com/wp-content/uploads/2024/03/18060845/600x500.jpg)

The Bitwise Ethereum ETF (ETHW) witnessed over $29 million in net inflows, while the VanEck Ethereum ETF (ETHV) reported $20 million. Other gains were also seen in the Franklin Ethereum ETF (EZET) and the Invesco Galaxy Ethereum ETF (QETH).

21Shares Core Ethereum ETF (CETH) saw zero flows.

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[Source link](https://cryptobriefing.com/ethereum-etf-outflows-second-day/)