Spot Ethereum ETFs recorded $202 million in net outflows on October 6, all from BlackRock's ETHA, the same day the SEC cleared a 3x leveraged Ethereum fund for listing. Spot Bitcoin ETFs moved the opposite way, pulling in fresh inflows.
Spot Ethereum ETFs recorded $202 million in net outflows on October 6, with the entire outflow coming from BlackRock's ETHA. The figure landed the same day the SEC cleared a 3x leveraged Ethereum fund for listing.
That trend diverged from spot Bitcoin ETFs. Bitcoin ETFs logged $119 million in net inflows on the same day. Almost all of it, $122 million, flowed into BlackRock's IBIT.
The SEC approved Cboe BZX's proposed rule change through the Rule 19b-4 process, clearing a listing hurdle for 3x daily leveraged exchange-traded products tied to crypto and commodities. The lineup includes 3x Ethereum (ETHK), alongside 3x Bitcoin (BITH), 3x Gold (GDLU), 3x Silver (SLVK), 3x Crude Oil (OILY) and 3x Natural Gas (NATX). The products give investors a regulated exchange-traded vehicle for amplified daily exposure, without directly borrowing money or using a crypto derivatives account. However, because the leverage resets every day, returns over several days can differ significantly from the underlying asset's move.
A separate AMBCrypto report on Ethereum staking ETFs turning protocol rewards into an additional source of income for investors raises hope.
Looking at October so far, ETH ETFs have recorded $506.15 million in outflows. BTC ETFs recorded $165.59 million in outflows over the same period.
Source: AMBCrypto
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