Ethereum ETF Withdrawal Volatility

On November 18, 2023, data from SoSoValue marked a significant day for Ethereum ETFs with a notable net outflow totaling $39,080,000. Among these, Grayscale’s Ethereum Trust ETF (ETHE) stood out with a $13,270,000 net withdrawal for the day, bringing the total net outflow to $3,256,000,000, indicating a decline in investor interest.

Noteworthy from Grayscale

Also from Grayscale, the Ethereum Mini Trust ETF saw a net withdrawal of $5,058,500 for the day. Meanwhile, Fidelity’s Ethereum ETF (FETH) recorded the largest net withdrawal of $3,168,700, pushing the total to $759,000,000.

Net Assets and Market Ratio

At the time of the report, the total net asset value of Ethereum ETFs reached $9,329,000,000. The net asset ratio of these ETFs compared to the total market capitalization of Ethereum was 2.46%, with the total accumulated net withdrawal exceeding $139,000,000.