According to a January 21 report by PANews and data from SoSoValue, Ethereum spot ETFs experienced a total net outflow of $230 million on January 20 (Eastern Time in the U.S.). The largest single-day net outflow came from BlackRock's Ethereum ETF (ETHA), which saw a net outflow of $92.3 million. ETHA has a cumulative net inflow of $12.845 billion to date. Fidelity's Ethereum ETF (FETH) followed, with a net outflow of $51.5354 million. FETH has a cumulative net inflow of $2.617 billion so far. As of the time of writing, the total net asset value of Ethereum spot ETFs is $18.411 billion, with the ETF net asset ratio (the proportion of ETF market value to Ethereum's total market value) reaching 5.07%. The cumulative net inflow in history has reached $12.683 billion.
Ethereum Spot ETFs Recorded a $230M Net Outflow on January 20, with BlackRock's ETHA Leading at $92.3M Outflow
PANewsShare
Summary
Ethereum news shows a $230 million net outflow for Ethereum spot ETFs on January 20, according to SoSoValue. BlackRock's ETHA led with a $92.3 million outflow, followed by Fidelity's FETH with a $51.54 million outflow. Total assets remain at $18.41 billion, representing a 5.07% ratio to the price of Ethereum today.
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.