• Despite overall positive inflows, the Grayscale Ethereum Trust witnessed a substantial outflow of $4.17 billion.
• BlackRock’s Ethereum ETF saw a slight premium increase, yet experienced net outflows and a decrease in market price.
• The Fidelity Ethereum Fund demonstrated moderate asset growth with a net inflow of $3.45 million, even amid a price decline.

According to the latest update from SoSoValue on Ethereum ETFs as of March 20th, the total net inflow for the day is a negative $12.41 million. However, the cumulative total net inflow still remains in positive territory at $2.44 billion.

Grayscale ETHE and BlackRock ETFs Report Declines

Taking a closer look at the details, the Grayscale Ethereum Trust (ETHE) showed a slight decrease of -0.03% in its premium/discount value and recorded a significant net outflow of $4.17 billion. ETHE currently holds net assets worth $2.40 billion, with Ethereum representing 1% of its holdings. In terms of market performance, ETHE’s price has also declined by 2.89%, currently trading at $16.45, with a daily trading volume of 2.57 million.

Meanwhile, BlackRock’s Ethereum ETF (ETHA) saw a minor premium increase of +0.02%. However, it also experienced net outflows amounting to -$8.96 million, with total assets valued at $2.36 billion. Similar to ETHE, ETHA’s market price also decreased by 2.93%, reaching $14.93, and had a trading volume of 7.07 million.

Funds Dip Further: Prices for ETHE, FETH, and ETHW Decline

Grayscale’s main Ethereum fund (ETH) showed no change in its premium/discount as of March 20th, with a net inflow of $583.93 million. It currently holds assets worth $913.90 million. The fund’s market price experienced a 2.98% drop, trading at $18.58, while its trading volume reached 1.32 million.

Fidelity’s Ethereum fund (FETH) recorded a net inflow of $3.45 million, increasing its asset value to $785.75 million. Despite this positive inflow, FETH’s market price also fell by 2.98%, with a daily volume of 738,080 units.
Bitwise’s Ethereum fund (ETHW) continues to have minimal activity, with assets at $93.14 million. Its price decreased by 3.02%, landing at $14.14, and the trading volume was 202,860. VanEck’s Ethereum product (ETHV) showed no significant change in its premium/discount. It holds assets of $93.14 million and also faced a price decrease of 3.02%.