The nine spot, Ethereum ETFs, recorded a net outflow of $12.1 million, reflecting a cautious stance among investors and a persistent drop in Investor activity for Ether ETFS.
This marked a slowdown from the previous week’s heavier outflows, which exceeded $293 million
Ethereum’s price hovered around $2,092, down from recent highs, aligning with the general market downturn.
Farside Investors UK revealed that BlackRock’s (ETHA) outflows were the largest, at $16.1 million. This is a notable shift for a fund with $4.41 billion cumulative inflows since its July 2024 launch.
Bitwise’s ETHW bucked the trend with a $4 million inflow, the only inflow for the day.
Other major funds, including Fidelity’s FETH and Grayscale’s ETHE, reported no net movement, stabilizing total Ethereum ETF assets at $7.72 billion.
Analysts attribute the outflows to profit-taking and uncertainty following February’s $1.5 billion Bybit hack, which dented Ethereum confidence.
The Ether ETFs have continued to experience a drop in investor activity compared to its Bitcoin Counterpart.
Yesterday’s flows suggest investors are reassessing positions, potentially anticipating further volatility as Ethereum struggles from the Bybit Hack Saga.
