On June 12, U.S. spot Ethereum exchange-traded funds experienced another downturn, with daily net outflows reaching $4.95 million. This marked a persistent downward trend for these investment vehicles, which have struggled to attract steady capital inflows.
BlackRock’s ETHA was the primary contributor to the outflows, recording a daily net exit of $4.53 million, alongside 2,720 ETH leaving the fund. Despite holding the largest net assets at $4.75 billion, ETHA saw its price drop by 1.02% to $12.57, with a trading volume of $355.36 million. The fund’s daily share volume hit 28.21 million, the highest among its peers.
Fidelity’s FETH also faced notable outflows, with $415,230 exiting on June 12, equivalent to 249.04 ETH. The fund’s net assets stood at $799.31 million, and its price fell 1.01% to $16.58, while traded value reached $29.78 million. Most other Ethereum ETFs reported zero flow changes, yet all experienced price declines.
Total trading value across all Ethereum ETFs amounted to $483.85 million, with combined net assets of $9.16 billion. These funds now represent 4.56% of Ethereum’s market capitalization. Grayscale’s ETH and ETHE, with net assets of $1.46 billion and $1.30 billion respectively, saw no inflows or outflows, but their prices decreased by 0.94% and 0.96%.
Smaller funds like ETHB, ETHW, ETHV, EZET, QETH, and TETH also recorded zero flow changes, with price drops ranging from 0.86% to 1.02%. Premium and discount readings remained negative across the board, with ETHW showing the widest discount at -0.23% and QETH at -0.07%. Fee structures varied significantly, from 0.15% up to 2.50% for Grayscale’s ETHE.