The 11 Ethereum (ETFs) in the U.S. saw a net outflow of $41.9 million, extending a seven-day streak of negative flows.
Despite experiencing a pick up in investor activity, the Ethereum ETFs continue to shed funds.
The Ether ETFs have shed $293.53 million over the past five days, per SoSoValue estimates.
The Continuous outflows reflect the market’s current situation, as it is experiencing one of the worst downturns in its history.
The largest withdrawal was from BlackRock’s (ETHA), which lost $30.2 million, followed by Grayscale’s(ETHE), which had an $11.7 million outflow.
Other Ether funds, including Fidelity’s FETH, Bitwise’s ETHW, and smaller ETFs like CETH, ETHV, QETH, and EZET, recorded no transactions for the day.
The Total trading volume across Ethereum ETFs reached $380.59 million, a significant increase from the $267.59 million recorded the previous day.
This improvement suggests an increase in investor activity for the Ethereum ETFs.
Ethereum Price Analysis
Ethereum’s price action aligned with its ETF activity, dropping to around $2,194.
The outflows on Ethereum ETFs occurred the same day Bitcoin ETFs posted a contrasting $94.3 million inflow.
This highlights a disparity in investor intent between the two existing ETF products.
Analysts suggest Ethereum’s outflows may stem from profit-taking after a strong 2024 or uncertainty around staking approvals, which remain under SEC review.
Despite the daily hit, Ethereum ETFs maintain $8.06 billion in net assets, with cumulative inflows since their July 2024 launch at $2.82 billion.
