U.S. spot Ethereum ETFs log $238.55 million in net outflows, reinforcing a bearish tone

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YM Lee
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Summary

  • U.S. spot Ethereum ETFs saw net outflows of $238.55 million, sharply denting investor sentiment.
  • Outflows continued broadly across major issuers—BlackRock’s ETHA ($100.90 million) and Fidelity’s FETH ($51.54 million)—reinforcing an across-the-board bearish tone.
  • Further selling pressure and withdrawals were seen in Grayscale’s ETHE and Grayscale Mini Trust ETH, while some products recorded neither net inflows nor net outflows.
Photo=TraderT
Photo=TraderT

Investor sentiment also deteriorated sharply in spot Ethereum exchange-traded funds (ETFs), as roughly $238.55 million exited in a single day. Risk-off positioning appears to have spread across major cryptoassets alongside Bitcoin.

According to data compiled by TraderT on the 21st, total net outflows from U.S. spot Ethereum ETFs came to $238.55 million as of Jan. 20 (local time). Broad-based redemptions across major issuers contributed to an across-the-board bearish tone.

By product, BlackRock’s ETHA saw the largest outflow at $100.90 million. Fidelity’s FETH posted net outflows of $51.54 million, while Bitwise’s ETHW recorded $31.08 million in withdrawals.

Selling pressure also persisted in Grayscale products. ETHE saw $38.50 million in net outflows, and Grayscale Mini Trust ETH recorded $11.06 million. By contrast, 21Shares CETH, Invesco QETH and Franklin EZET saw neither net inflows nor net outflows. VanEck’s ETHV posted outflows of $5.47 million.

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YM Lee

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