U.S. spot ether currency exchange trade funds (ETFs) recorded nearly $5 billion in net outflows on Monday, the highest in a day since its launch, according to investment firm Farside Investors.
Farside Investor Data show That position ether (eth) ETFs’ net outflow on Monday was $465 million, which was their second day outflow Break the 20-day inflow record On Friday, the net outflow was $152 million.
A sharp pullback suggests that investor sentiment may shift after a good performance in July, during which Ether ETFS See a record $5.43 billion net inflow.
This coincides with ETH’s drop to $3,380 on Sunday, with its price dropping 12% on Thursday. On Tuesday, the token was restored and rose to $3,629, according to Go to love.
Blackrock
Sosovalo data show The asset manager Blackrock’s iShares Ethereum Trust (ETHA) hit the biggest hit on Monday, with a net outflow of nearly $375 million. The cumulative net inflows of ETFs was US$9.3 billion and the net assets were US$100.7 billion.
Fidelity Ethereum Fund (FETH) had the second largest pandemic that day, recording $55.11 million. Total ETF cumulative net inflows were US$2.2 billion and net assets were US$2.4 billion.
Grayscale’s ETF also saw outflows on Monday, with Grayscale Ethereum Mini Trust (ETH) seeing a net outflow of $28 million, while Grayscale Ethereum Trust (ETHE) seeing $6.9 million.
Grayscale’s Ethe total cumulative net outflow was $4.3 billion and its net assets were $4.1 billion, while Grayscale’s ETH had cumulative ETH inflows of $1.1 billion and its net assets were $2.3 billion.
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Whales and institutions continue to buy ETH
Although Ether ETFs have seen a lot of outflows, blockchain data suggests that institutional demand for ETH remains strong.
On Tuesday, blockchain analytics firm LOOKONCHAIN Report The three wallets, believed to be owned by whales or institutions, received 63,837 ETH, worth approximately $236 million through over-the-counter transactions with Falconx and Galaxy Digital.
Since July 9, Lookonchain has identified 14 new wallets that have collectively accumulated 856,554 ETH worth over $3.1 billion.
