Ethereum Spot ETFs Experience Significant Net Outflows

Ethereum spot ETFs saw a net outflow of $611 million during the trading week from January 19 to January 23, according to PANews. The Blackrock ETF ETHA recorded the highest net outflow of $432 million, bringing its total historical net inflow to $12.51 billion. Fidelity's ETF FETH followed with a weekly net outflow of $78.03 million, with its historical net inflow reaching $2.59 billion. Conversely, the Grayscale Ethereum Mini Trust ETH experienced the highest net inflow among Ethereum spot ETFs, amounting to $17.82 million for the week, with a total historical net inflow of $1.64 billion. As of the time of reporting, the total net asset value of Ethereum spot ETFs stands at $17.7 billion, with an ETF net asset ratio of 4.99% relative to Ethereum's total market capitalization. The cumulative historical net inflow has reached $12.3 billion.