Ether ETFs have reversed a three-day positive streak.

Investors pulled tens of millions from the funds on Thursday.

Elsewhere, spot Bitcoin ETFs recorded mild inflows.

U.S.-listed spot Ethereum exchange-traded funds (ETFs) seemed to have fallen out of favor with investors on Thursday as tens of millions left the funds.  

The development marks a reversal trend for Ether ETFs, which recently fared better with a record positive inflow streak. On August 14, for the first time since their launch, the funds witnessed three days of consecutive inflows totaling $40.04 million.

Ether ETF Reversal Trend

According to SoSoValue data, the nine U.S.-based spot Ether ETFs recorded $31.29 million in net outflows on August 15, despite witnessing a relatively higher trading volume than in the previous two days. Thursday’s trading volume stood at $240.58 million, slightly improving from $155.91 million on Wednesday and $190.76 million on Tuesday. Sponsored

Grayscale’s ETHE reported the only outflow on August 15 as investors pulled $42.5 million from the fund. Outflows from this fund since it began trading on July 23 have totaled $2.39 billion.  

Fidelity’s FETH and BlackRock’s ETHA stole the show on Thursday as the only funds with a positive inflow. FETH and ETHA attracted $2.54 million and $770,130, respectively, while the remaining funds posted zero flows. Notably, 21Share’s CETH extended its zero-flow streak to an eleventh consecutive day.

In contrast to Ethereum, spot Bitcoin ETFs saw moderate inflows on Thursday as investors poured $36.1 million into three funds, preliminary data by Farside Investors shows. This included Fidelity’s FBTC, Grayscale’s Mini Trust BTC, and Bitwise’s BITB. Sponsored

Grayscale’s GBTC overshadowed the inflows with $25 million outflows, bringing the day’s total net inflow to $11.1 million.

Read about BlackRock’s growing dominance in the Bitcoin ETF scene:Bitcoin ETF Inflows Stumble While BlackRock’s Dominance Grows

Stay updated on Metaplanet’s latest Bitcoin acquisition:Metaplanet Bolsters Bitcoin Holdings with Additional $3.3M BTC Purchase

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