Photo credit: Michael Nagle/Bloomberg

Total net outflows from the Ethereum Trust ETF (ETHE), asset manager Grayscale’s Ether exchange-traded fund, have reached $1.51 billion after recording $356.26 million in negative flows on the last trading day.

Some $162.67 million were taken out from the US spot Ether ETF market on July 26, driven by the exits from ETHE, data from SoSoValue shows. Among the nine Ether funds approved for trading since July 23, only the Ethereum Trust has recorded a negative cumulative net flow.

In contrast, the Grayscale Ethereum Mini Trust (ETH) posted $44.94 million in net inflows, bringing its cumulative positive flows to $164.11 million.

Net inflows were also in Blackrock’s iShares Ethereum Trust (ETHA), which had $87.22 million, Fidelity’s FETH ($39.26 million), Bitwise’s ETHW ($15.96 million), and Franklin Templeton’s EZET ($6.21 million).

While Grayscale’s ETHE holds the most net assets, it is Blackrock’s ETHA that has so far logged the most total net inflows since the funds’ debut.

The trading volume of the spot Ether ETFs stands at $933.86 million, with $9.24 billion in total net asset value. The latter represents 2.36% of Ether’s market capitalization.

Meanwhile, spot Bitcoin ETFs listed in the US continue to see net inflows, with the funds recording $51.66 million in positive flows on July 26, according to SoSoValue. Four of the 11 Bitcoin funds saw significant inflows, totaling approximately $78 million, but was offset by the $26.55 million in net outflows from the Grayscale Bitcoin Trust (GBTC).