Sharp decline in altcoins: Spot ETH ETFs have caused a series of disruptions.

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In the US spot ETH ETFs, a net outflow of $39.2 million was observed on Thursday, while an inflow of $11.1 million was reported in spot Bitcoin ETFs.

On Thursday, there was an outflow of $39.21 million from U.S. spot Ethereum exchange-traded funds, ending a three-day streak of positive inflows. According to data from SosoValue, Grayscale Ethereum Trust (ETHE) continued to experience outflows, with $42.52 million exiting the fund. It was the only spot Ether ETF to report outflows on Thursday.

The net outflows from ETH ETFs have devastated altcoins.

The Grayscale Ethereum Mini Trust (ETH), the second largest spot ETH ETF based on net assets, reported no flows on Thursday after recording a moderate net inflow of $2.26 million the previous day. Fidelity's FETH recorded a net inflow of $2.54 million, while BlackRock's ETHA saw $770,350 flow into the fund. Other ETFs reported zero flows.

On Thursday, the total daily volume of nine ETFs reached 240.58 million dollars. This figure is much higher than Wednesday's 155.91 million dollars and Tuesday's 190.76 million dollars.

On Thursday, a moderate inflow of $11.11 million was recorded for the 12 spot Bitcoin ETFs in the U.S., compared to a net outflow of $81.36 million the previous day, indicating an increase in this figure. The largest spot Bitcoin ETF in terms of net assets, BlackRock's IBIT, saw a net inflow of $2.68 million on Wednesday and $34.55 million on Tuesday, followed by zero flow on Thursday.

Grayscale's GBTC became the only ETF to report negative flow with an outflow of $25.03 million from the fund. This extended the outflow streak to 11 days.

Fidelity's FBTC saw the largest inflow of the day with $16.25 million. Grayscale Mini Trust followed with a net inflow of $13.66 million, and Bitwise's BITB recorded an inflow of $6.23 million. The total trading volume of these spot Bitcoin ETFs reached $1.79 billion on Thursday, compared to $1.3 billion on Wednesday.

This article does not contain investment advice or recommendations. Every investment and trading action carries risks, and readers should conduct their own research when making decisions.

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