US Spot Ethereum ETFs Post Net Outflows for Three Straight Sessions

Outflows from the US spot Ethereum exchange-traded fund (ETF) market are intensifying. Following bitcoin, spot Ethereum ETFs have also recorded net outflows for three consecutive trading sessions, signaling a sharp deterioration in investor sentiment.

According to data from SosoValue on the 20th (local time), US spot Ethereum ETFs saw total net outflows of $41.97 million on the day. This marks a third consecutive session, following outflows on the 18th (-$55.70 million) and the 19th (-$136.41 million). Over the period, cumulative funds withdrawn from the market reached about $234.00 million.

By asset manager, BlackRock’s ETHA posted net outflows of $31.45 million, while Fidelity’s FETH saw $12.18 million in net outflows. Grayscale’s ETHE also lost $2.26 million, leading the downtrend. In contrast, BlackRock’s ETHB took in $5.47 million, but that was not enough to offset the overall outflows. Other major ETFs, including Bitwise’s ETHW and VanEck’s ETHV, recorded no net inflows or outflows.