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
net
outflows
yesterday
as
Nasdaq
ISE,
LLC
files
two
notices
to
withdraw
proposals
to
list
options
on
both
spot
Bitcoin
and
Ethereum
ETFs.

The
Grayscale
Ethereum
Trust
(ETHE)
was
the
only
fund
to
register
outflows
on
Aug.
15
after
$42.52
million
left
the
ETF,
according
to
data
from


SosoValue.

Spot
Ethereum
ETFs
Record
Minimal
Flows

The
Grayscale
Ethereum
Mini
Trust
(ETH)
recorded
zero
flows
yesterday
after
achieving
moderate
net
inflows
of
$2.26
million
the
previous
day.
Meanwhile,
Fidelity’s
FETH
saw
$2.54
million
enter
its
fund.
Similarly,
BlackRock’s
ETHA
recorded
$770,350
inflows
on
the
same
day.
All
of
the
remaining


ETFs

recorded
no
flows.

Yesterday’s
outflows
brought
an
end
to
a
three-day
positive
streak.
The
total
trading
activity
across
the
funds
did,
however,
increase
to
$240.58
million.
This
uptick
in
activity
follows
the
$155.91
volume
recorded
on
Aug.
14
and
the
$190.76
million
on
Aug.
13.

Together
with
the
minimal
flows
into
spot
Ethereum
ETFs
yesterday,
the
leading
altcoin’s
price
barely
moved
in
the
past
24
hours.
Following
a
minor
pullback,
ETH


traded

at
$2,614.07
as
of
2:40
a.m.
EST.
It
still
remains
in
the
red
by
more
than
2%
on
the
weekly
timeframe.

Nasdaq
ISE,
LLC
Withdraws
Spot
ETH
And
BTC
Listing
Proposals

Amid
the
lackluster


Ethereum
ETF

flows,
exchange
Nasdaq
ISE,
LLC
filed
two
notices
yesterday
to
withdraw
proposals
to
list
options
for
spot
ETFs
linked
to
Bitcoin
and
Ethereum,
according
to


filings

with
the
US
Securities
and
Exchange
Commission
(SEC).

Here’s
a
short
thread
with
my
thoughts
about
the
CBOE
withdrawal
and
re-filing.

https://t.co/OFv2HHfzc4

—
James
Seyffart
(@JSeyff)

August
15,
2024

Other
exchanges
have
also
withdrawn
proposals
of
a
similar
nature
throughout
the
past
week.
MIAX,
MIAX
Pearl
and
BOX
Exchange
all
withdrew
proposals
for
listing
and
trading
options
on
spot
Bitcoin
ETFs.
Cboe
recently
withdrew
its
application
to
list
options
on
spot
BTC
ETFs
as
well,
but
went
on
to
refile
it.
Many
believe
this
is
indicative
of
the
SEC
potentially
engaging
in
the
process.

Related
Articles: