Ether Spot ETFs Suffer 11-Day Outflows Amid Rapid Price Decline While Bitcoin ETFs Attract Massive Inflows

U.S. spot Ether ETFs experienced their 11th consecutive day of net outflows, totaling a loss of approximately $358.1 million in investor funds, as Ether’s price fell nearly 7% from around $2,150 to $1,990. BlackRock’s iShares Ethereum Trust ETF alone saw significant outflows, losing a net $137.6 million over the period, with Fidelity’s FETH and Grayscale’s ETHE also contributing to the overall decrease. Despite these outflows, spot Ether ETFs now command a total value of roughly $7 billion and have registered a cumulative net inflow of $2.45 billion since their inception in July. In stark contrast, Bitcoin ETFs in the U.S. recorded a fourth consecutive day of inflows, collectively amassing a net inflow of $35.8 billion since January of last year. This juxtaposition highlights a divergence in investor sentiment between Ether and Bitcoin amid current market conditions.