Ethereum ETFs Lose $70.62M on Friday, Snapping Inflow Streak

US spot Ethereum ETFs recorded a net outflow of $70.62 million on Friday, ending a five-trading-day streak of net inflows, KuCoin reports. Despite that, the funds still closed the week in positive territory.

• Over the five trading days before Friday (July 17-24), the funds pulled in $211.25 million in net inflows.
• For the week overall, despite Friday's outflow, net inflows totaled $103.9 million — the third straight week in positive territory.
• Since the start of July, cumulative net inflows into spot ETH ETFs have reached $337.74 million.
• Ether traded near $1,837 on Friday, down from its weekly high of $1,954 hit on Wednesday.

Neither KuCoin nor other available sources broke the outflow down by individual fund (BlackRock, Fidelity, Grayscale, and so on) — the figures are reported only in aggregate across all nine spot Ethereum ETFs, BigGo Finance notes. No analyst commentary on this specific outflow could be found either — it reads as a single down day against the backdrop of three straight weeks of positive net flows.

Context matters here: a single down day doesn't undo the broader picture — we already covered bitcoin and Ethereum ETF flow trends a week earlier, and the overall trend for both assets remains positive so far, despite the occasional correction day.

This article is for informational purposes only and does not constitute investment advice.