The Ether ETFs have broken a two-year streak of inflows, causing an $812 million outflow from the Spot Bitcoin Exchange Traded Funds.

The net outflows of Spot Bitcoin Exchange-Traded Funds (ETFs), which are products that trade on exchanges, reached $812.25 millions in Friday’s trading. This is the second largest single-day decline in this product’s history.

The decline in net investment wiped out a solid week’s gains, bringing the total to just $54.18billion. The total assets under management fell to $146.48 Billion, which is 6.46% Bitcoin.BTCMarket capitalization according SoSoValue

Fidelity FBTC was the first to be evicted, with redemptions of $331.42 millions. This was followed by ARK Invest ARKB which experienced a large pullback, $327.93million. Grayscale’s GBTC lost $66.79 millions. BlackRock IBIT suffered a loss of only $2.58million.

The trading volumes were still active. A total of $6.13 billion was exchanged between all Bitcoin spot ETFs. IBIT volume alone was $4.54 Billion, indicating continued interest in spite of the outflows.

Related: Spot Ether ETF staking could ‘dramatically reshape the market’

Ether ETFs stop 20-day streak of inflow

Meanwhile, Ether ETFs Endless possibilities their longest inflow streak to date. After 20 consecutive days of net trading inflows the sector experienced a outflow Friday amounting to $152.26 millions. The total assets under management are now $20.11 Billion, which is 4.70% Ether (ETH( Market Cap.

Grayscale ETHE was at the top of the list, losing $47.68million, and Bitwise ETHW came in second with a loss of $40.30million. Fidelity FETH saw $6.17 inflows. BlackRock ETHA, with its $10.71 billion assets and zero inflows/outflows for the entire day, was flat.

All spot Ethereum ETFs combined traded $2.26 billion. Grayscale’s ETH contributed to the highest amount of daily trades with $288.96 Million, a reflection of ongoing volatility.

Ethereum ETFs experienced record activity on 16 July. registered a $726.74 million The daily inflow is the biggest since they debuted. The next day, July 17, saw $602.02 millions in a rising demand for Ether-based products.

Related: ‘Parabolic bull markets and devastating bear markets are over’ — BTC analyst

Ether is a hot commodity for corporations

Standard Chartered has released a report that shows corporations are acquiring Ether twice as fast as Bitcoin. In the first half of June, crypto-treasury services have acquired a total of $1.2 billion in Ether. snapped up around 1% The total Ethereum circulating supply.

This accumulation combined with the steady flow of funds into US Ether spot ETFs has driven Ether’s recent rise, according to the bank. The bank believes that these trends will push ETH’s price above $4,000 by the end the year.