On September 23, the U.S. market for spot Ethereum ETFs saw its largest net outflow of funds since the end of July. Investors withdrew more than $79.2 million from Ethereum-based exchange-traded funds, marking the biggest outflow in recent months.

The Ethereum Trust (ETHE) fund from Grayscale bore the brunt of the losses, with a $80.55 million outflow in a single trading day. Meanwhile, ETHW from Bitwise saw a modest inflow of $1.34 million, while the remaining seven spot Ethereum ETFs showed no significant inflows.

The total trading volume of all nine Ethereum ETFs on Monday reached $167.35 million, higher than Friday’s figure of $139.47 million. Despite the increase in trading volume, the overall outflow highlights the instability of investor sentiment toward Ethereum.

Steady Inflow into Bitcoin Funds

In contrast to Ethereum, U.S. spot Bitcoin funds have seen a steady inflow of capital for the third consecutive day. On Monday, approximately $4.56 million was added to their accounts. The largest inflows were seen in the FBTC fund from Fidelity, which added $24.93 million.

The IBIT fund from BlackRock, the largest spot Bitcoin ETF by net assets, saw an inflow of $11.54 million. BTC from Grayscale received $8.42 million, while GBTC from Grayscale recorded a net outflow of $40.33 million.

Despite the positive inflows, the total trading volume of the twelve spot Bitcoin funds decreased from $980.57 million on Friday to $949.72 million on Monday, reflecting some volatility in the market.

Conclusion

These data underscore the current shift in investor sentiment and capital movement between major cryptocurrency funds. While Ethereum funds are losing assets, Bitcoin continues to attract capital, despite fluctuations in trading volumes. For more detailed information, visit Happycoin.club.