Spot ether (ETH) exchange-traded funds (ETFs) in the U.S. have recorded their 11th consecutive day of net outflows, resulting in a loss of approximately $358.1 million in investor capital as the price of ether experienced a decline of nearly 7%.
On Tuesday, BlackRock’s iShares Ethereum Trust ETF (ETHA) saw outflows of $12.9 million, culminating in a total net loss of $137.6 million over this stretch. Other significant contributors to the overall outflow included Fidelity’s FETH and Grayscale’s ETHE.
Currently, spot ether ETFs manage around $7 billion in ether holdings, and despite the recent outflows, they have achieved a cumulative net inflow of $2.45 billion since their launch in July, according to recent data.
The price of ether slipped from approximately $2,150 on March 8 to about $1,990 by Thursday, resulting in a year-to-date loss of around 40%.
In contrast, U.S. bitcoin (BTC) ETFs recorded a fourth consecutive day of inflows, bringing their total net inflow to $35.8 billion since the beginning of last year.