U.S. Ethereum Spot ETFs See Net Outflows for 8 Consecutive Trading Days

Doohyun Hwang

Summary

It reported that U.S. Ethereum (ETH) spot ETFs have continued net outflows for 8 consecutive trading days.
Notably, large capital outflows occurred from major ETFs such as BlackRock's 'ETHA' and Fidelity's 'FETH'.
It reported that institutional capital outflows and Ethereum price declines are occurring simultaneously, intensifying the downward trend.

Net capital outflows from Ethereum (ETH) spot ETFs have continued for 8 trading days.

According to data from TraderT, on the 20th (local time), U.S.-traded Ethereum spot ETFs experienced a net outflow of $260,660,000 in a single day.

The largest outflow was from BlackRock's 'ETHA', which saw $121,670,000 withdrawn, and Fidelity's 'FETH' also saw $90,550,000 leave. These two products accounted for a large portion of the total outflows and led the downward trend. Bitwise's 'ETHW' and VanEck's 'ETHV' had $11,170,000 and $18,670,000 withdrawn, respectively. Grayscale's 'ETHE' also recorded a net outflow of $18,600,000.

Franklin's 'EZET', Invesco's 'QETH', 21Shares' 'CETH', and Grayscale Mini's 'ETH' saw no change.

With the possibility of a December rate cut fading and institutional capital outflows continuing, Ethereum's decline is deepening. On the day, based on the Binance Tether (USDT) market, Ethereum is trading in the $2,820 range, down 7% from the previous day.

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