The nine U.S. spot Ethereum exchange-traded funds (ETFs) recorded a net outflow of $50.1 million, continuing a three-day outflow streak.
The Ethereum ETFs losing funds for three days align with the general market sentiment and conditions.
The Market downturn reflects on the ETF, with Bitcoin ETFs losing a staggering $937 million on the same day.
Ethereum ETF loss is much smaller due to the Low investor activity that has plagued the Ethereum ETFs since the turn of the year.
Farside Investors UK revealed that Grayscale Ethereum Trust (ETHE) led the outflows, losing $27.1 million, pushing its cumulative outflows closer to $3.7 billion since inception.
Fidelity’s Ethereum Fund (FETH) followed with $12.5 million in outflows, while Bitwise’s Ethereum ETF (ETHW) and Grayscale’s Ethereum Mini Trust (ETH) saw outflows of $8.2 million and $2.3 million, respectively.
Other funds, including BlackRock’s (ETHA), reported no significant flows, which is quite unlike the ETF product.
Ethereum Price Analysis
Ethereum’s price hovered around $3,400, down slightly from its February peak, as macroeconomic factors — like potential U.S. tariff hikes and Fed rate uncertainty — dampened risk appetite. On-chain metrics from
Ethereum ETFs have seen net outflows in 12 of 16 trading days, totaling over $300 million, a stark reversal from December 2024’s $2.1 billion inflow surge.
Analysts suggest this dip could be a short-term correction, with Ethereum’s fundamentals driven by staking and DeFi growth still strong.
Ethereum ETFs have suffered low investor activity recently, adding to the general drop in demand for ETFs due to its steep learning curve.
At the time of the report, Ethereum was trading for $2,428, retaining the same price level as yesterday.
