US spot Ethereum ETFs see $55.69 million net outflows as institutional money pulls back

Source
YM Lee

Summary

  • Outflows from the spot Ethereum ETF market are continuing.
  • Total net outflows from Ethereum ETFs reached $55.69 million, with money leaving Fidelity FETH, Grayscale ETHE, Bitwise ETHW, VanEck ETHV, and BlackRock ETHA.
  • BlackRock’s staking product ETHB saw $1.07 million in net inflows, but overall, outflows from major ETFs persist, pointing to weakening institutional demand.

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Outflows from the spot Ethereum ETF market are continuing.

According to on-chain data on the 18th (local time), total net outflows from Ethereum ETFs came to $55.69 million.

Fidelity’s FETH posted the largest withdrawal with $37.11 million exiting the fund, while Grayscale’s ETHE also recorded $8.89 million in net outflows. Bitwise’s ETHW and VanEck’s ETHV saw outflows of $4.70 million and $4.80 million, respectively.

BlackRock’s ETHA also logged $1.26 million in net outflows, while BlackRock’s staking product ETHB saw $1.07 million in net inflows, indicating some selective inflows.

Overall, withdrawals across major ETFs persist, underscoring a weakening trend in institutional demand.

YM Lee

YM Lee

20min@bloomingbit.ioCrypto Chatterbox_ tlg@Bloomingbit_YMLEE
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