Spot Ethereum ETFs Record $39 Million Net Outflows As Nasdaq ISE, LLC Withdraws Options Listing Proposals For Both BTC And ETH Funds

US Spot Ethereum ETFs (exchange-traded funds) recorded $39.21 million internet outflows yesterday as Nasdaq ISE, LLC recordsdata two notices to withdraw proposals to listing choices on each spot Bitcoin and Ethereum ETFs.

The Grayscale Ethereum Belief (ETHE) was the one fund to register outflows on Aug. 15 after $42.52 million left the ETF, in line with knowledge from SosoValue.

Spot Ethereum ETFs Document Minimal Flows

The Grayscale Ethereum Mini Belief (ETH) recorded zero flows yesterday after reaching average internet inflows of $2.26 million the day gone by. In the meantime, Constancy’s FETH noticed $2.54 million enter its fund. Equally, BlackRock’s ETHA recorded $770,350 inflows on the identical day. All the remaining ETFs recorded no flows.

Yesterday’s outflows introduced an finish to a three-day optimistic streak. The whole buying and selling exercise throughout the funds did, nonetheless, enhance to $240.58 million. This uptick in exercise follows the $155.91 quantity recorded on Aug. 14 and the $190.76 million on Aug. 13.

Along with the minimal flows into spot Ethereum ETFs yesterday, the main altcoin’s value barely moved prior to now 24 hours. Following a minor pullback, ETH traded at $2,614.07 as of two:40 a.m. EST. It nonetheless stays within the purple by greater than 2% on the weekly timeframe.

Nasdaq ISE, LLC Withdraws Spot ETH And BTC Itemizing Proposals

Amid the lackluster Ethereum ETF flows, trade Nasdaq ISE, LLC filed two notices yesterday to withdraw proposals to listing choices for spot ETFs linked to Bitcoin and Ethereum, in line with filings with the US Securities and Alternate Fee (SEC).

This is a brief thread with my ideas concerning the CBOE withdrawal and re-filing. https://t.co/OFv2HHfzc4

— James Seyffart (@JSeyff) August 15, 2024

Different exchanges have additionally withdrawn proposals of an identical nature all through the previous week. MIAX, MIAX Pearl and BOX Alternate all withdrew proposals for itemizing and buying and selling choices on spot Bitcoin ETFs. Cboe not too long ago withdrew its software to listing choices on spot BTC ETFs as nicely, however went on to refile it. Many consider that is indicative of the SEC probably partaking within the course of.

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