The US Spot Ether (ETH) Exchange-Traded Funds (ETF) have lost approximately $358.1 million in investor funds as Ether’s price fell nearly 7% after its 11th consecutive day of net outflow.
On Tuesday, BlackRock’s Ishares Ethereum Trust ETF (ETHA) lost $137.6 million over that period after seeing a $12.9 million spill. Fidelity’s Feth and Grayscale’s Ethe were another top two contributors in the total spill.
In total, Spot Ether ETF currently holds around $7 billion worth of cryptocurrency, and despite the leaks, it has seen a cumulative net inflow of $2.45 billion since its establishment in July.
Ether prices fell from around $2,150 on March 8 to around $1,990 as of Thursday. Approximately 40% of its value has been lost since the beginning of the year.
In contrast, US Bitcoin (BTC) ETFs recorded a fourth consecutive day of inflows, increasing their cumulative net total inflow to $35.8 billion since January last year.
