TL;DR
- U.S. Ether ETFs recorded a negative net inflow of $39.21 million on Aug. 15.
- Since launch, these funds have accumulated a total negative net flow of $405.11 million.
- The total trading volume of Ethereum ETFs reached $240.58 million on August 15.
The US Ether ETF market has recently faced an unexpected turn.
On August 15, these funds experienced a significant capital outflow, with a negative net flow of $39.21 million.
This event marked the end of a brief positive streak that had begun earlier in the week.
Despite positive flows of $4.93 million, $24.3 million, and $10.7 million in the previous days, the market suffered a notable setback, highlighting the volatility in the cryptocurrency space.
The Grayscale Ethereum Trust (ETHE) ETF was the hardest hit, with an outflow of $42.52 million.
This fund was the only one to report a decline on August 15, in contrast to other ETFs that showed mixed results.
Fidelity‘s FETH saw a modest inflow of $2.54 million, and BlackRock’s ETHA attracted $770,350.
Other Ethereum funds, including the Grayscale Ethereum Mini Trust (ETH), reported no significant changes in their flows.
The total trading volume across all nine Ethereum ETFs reached $240.58 million on August 15, representing an increase compared to the previous days.
This increase in volume suggests a high level of activity in the market, despite the downward trend in net flows.
Since launching on July 22, Ether ETFs have had a turbulent start, with a cumulative net inflow of $405.11 million in the red.
Of the 18 trading days to date, 10 have shown capital outflows.
Long-Term Outlook for Ethereum
Despite initial challenges, industry experts maintain a positive outlook for Ether ETFs in the long term.
According to a recent forecast from Steno Research, these funds could attract as much as $20 billion in net flows in the next year, driven by growing institutional demand.
Approval by the US Securities and Exchange Commission (SEC) and the start of trading marked an important milestone for ETFs, although their trajectory so far has been marked by volatility.
Meanwhile, the price of Ether remains stuck around $2,622, down more than 2.5% in the past week.
This price stability reflects the lack of movement in the daily market.
In contrast, Bitcoin has also seen a slight decline, trading at $58,161, while US Bitcoin ETFs reported moderate inflows of $11.11 million on August 15, suggesting a somewhat different trend in the Bitcoin segment compared to that of Ether.
