According to SoSoValue data, Ethereum spot ETFs recorded a net outflow of $96.6 million in total. This marks the sixth consecutive day of outflows from Ethereum spot ETFs. This ongoing trend indicates a weakening investor risk appetite and volatile market conditions.
While limited, some funds saw noticeable inflows during the day. The product with the largest net inflow was Grayscale’s Ethereum Mini Trust ETF (ETH). The fund recorded a net inflow of $2.89 million in a single day, bringing its historical total net inflow to $1.47 billion. Another Grayscale product, ETHE, saw a daily inflow of $2.74 million, but has experienced a total net outflow of $5.05 billion since its inception.
On the other hand, the biggest outflow of the day occurred in BlackRock’s Ethereum spot ETF, ETHA. While $102 million flowed out of ETHA in a single day, the fund’s historical total net inflow is still at $12.75 billion. This shows that despite the recent outflows, long-term interest in large funds continues.
As of the time the data was released, the total net asset value of Ethereum spot ETFs was calculated at $17.07 billion. ETFs represent 5.09% of Ethereum’s total market capitalization. Historically, cumulative net inflows remain strong at $12.52 billion.
Experts note that short-term outflows are driven by macroeconomic uncertainties and price fluctuations, but in the long term, institutional interest remains a significant support for the Ethereum ecosystem.
*This is not investment advice.
