The Nine U.S. spot Ethereum exchange-traded funds (ETFs) recorded a substantial net outflow of $94.3 million, marking their fifth consecutive day of outflows.
The Ethereum ETFs witnessed withdrawals in line with the general market downturn, which was caused by a mix of factors, from the Bybit hack to Donald Trump’s imposing fresh tariffs.
The Ethereum ETFs have witnessed a weekly outflow trend exceeding $220 million.
Farside Investors UK revealed that BlackRock’s (ETHA) bore the brunt, shedding $69.8 million.
The figure starkly contrasts its earlier 2024 inflows that briefly pushed Ethereum ETF assets past $2.5 billion.
Bitwise’s (ETHW) followed with $8.9 million in outflows, trimming its cumulative net inflows to around $338 million.
Grayscale’s Ethereum Trust (ETHE) saw a $15.5 million exit, continuing a historical pattern of outflows surpassing $3.6 billion in Outflows.
Other funds, like Fidelity’s FETH and 21Shares’ CETH, reported minimal or no activity, highlighting the uneven distribution of selling pressure.
Market Downturn Persists
The outflows on the Ether ETFs align with Ethereum’s price sliding to $2,410, down 1.5% from the previous day. This follows a market rattled by the $1.46 billion Bybit hack and $754.6 million in Bitcoin ETF outflows on the same day.
Ethereum ETFs, before the downturn, struggled with low investor activity and the influx of funds
Analysts attribute the Ethereum exodus to shrinking future premiums and macroeconomic jitters like Trump’s tariff threats.At the time of this report, Ethereum was trading for $2,305, down 6% in the last 24 hours.
