Editor's PiCK

US spot Ethereum ETFs saw $600 million in net outflows last week…BlackRock accounts for the lion’s share

Source
Suehyeon Lee
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Summary

  • Net outflows of about $606 million were recorded from US spot Ethereum ETFs last week.
  • Large outflows were concentrated at BlackRock, Grayscale, and Bitwise.
  • The market interprets this as position trimming for short-term risk management amid Ethereum price weakness.
Photo=Trader T
Photo=Trader T

Capital continues to flow out of US spot Ethereum (ETH) exchange-traded funds (ETFs), following a similar trend in Bitcoin (BTC).

According to Trader T on the 26th (local time), spot Ethereum ETFs recorded net outflows of about $606 million last week (roughly 872.6 billion won). Total trading volume over the same period came to about $7 billion.

Outflows were concentrated in specific asset managers. BlackRock posted the largest net outflow at about $437 million, followed by Grayscale with about $78 million and Bitwise with about $46 million.

The market sees this as reflecting short-term institutional risk-management via spot ETFs amid Ethereum’s price weakness. With trading volume holding up, the view is that this is more about position trimming during a corrective phase than a structural drop in demand.

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Suehyeon Lee

shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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