Home
News
Details

Ethereum spot ETFs recorded a $44.44 million net outflow on June 1, marking the 15th consecutive day of outflows.

iconKuCoinFlash
Share
Share IconShare IconShare IconShare IconShare IconShare IconCopy
This is the logo of the coin.
ETH
$1,567.52-1.98%
AI summary iconSummary

expand icon
Ethereum news reports a $44.44 million net outflow from Ethereum spot ETFs on June 1, marking the 15th consecutive day of withdrawals. BlackRock’s ETHA led with a $34.97 million outflow, while Fidelity’s FETH lost $9.47 million. Total net assets in Ethereum spot ETFs now stand at $11.14 billion, representing 4.6% of Ethereum’s market cap. Ethereum’s price remains under pressure amid sustained outflows.

ME News reports that, as of June 2 (UTC+8), according to SoSoValue data, the total net outflow of Ethereum spot ETFs was $44.4389 million on June 1 (Eastern Time).

The Ethereum spot ETF with the largest single-day net outflow yesterday was BlackRock's ETHA, with a net outflow of $34.97 million; ETHA's total historical net inflow now stands at $11.4 billion.

Second is Fidelity's ETF FETH, with a single-day net outflow of $9.4662 million; FETH's total historical net inflow now stands at $2.143 billion.

As of press time, the total net asset value of Ethereum spot ETFs is $11.14 billion, with an ETF net asset ratio (market cap as a percentage of Ethereum’s total market cap) of 4.6%, and cumulative net inflows reaching $11.33 billion.(Source: SoSoValue)

Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.