The U.S. spot Ethereum ETF market flipped to net outflows on July 9, ending a five-day streak of net inflows. According to Sosovalue, daily net outflows totaled $52.08 million, bringing cumulative net inflows to $10.955 billion.
Four ETFs Lead the Outflow
Outflows were concentrated in four funds: Fidelity's FETH lost $33.96 million, BlackRock's ETHA shed $12.67 million, Bitwise's ETHW saw $2.75 million exit, and BlackRock's ETHB recorded $2.70 million in outflows. The remaining six ETFs saw no net flows for the day.
Trading Volume and Assets Under Management
Total trading volume for Ethereum spot ETFs reached $234.92 million. BlackRock's ETHA dominated with $166.78 million in volume, followed by Grayscale ETH at $22.45 million and Grayscale ETHE at $16.66 million. Combined net assets stood at $9.34 billion, representing about 4.43% of Ethereum's total market cap. The largest ETFs by net assets were BlackRock ETHA ($4.82 billion), Grayscale ETH ($1.47 billion), and Grayscale ETHE ($1.35 billion).