According to the latest data, Ethereum spot ETFs saw a total net outflow of $79.057 million. Despite weak market flows, BlackRock's Ethereum spot ETF, ETHA, delivered the strongest performance of the day, according to data shared by SoSoValue. The fund recorded a positive outflow of $26.65 million, bringing its total net inflow to $13.174 billion.
In contrast, Grayscale's ETHE product saw the highest outflows. ETHE saw net outflows of $49.78 million in one day. Continuing its long-standing outflow trend, Grayscale's fund reached a total accumulated net outflow of $4.982 billion.
Analysts note that Grayscale outflows have been largely driven by a shift to lower-fee Ethereum spot ETFs and market volatility.
According to the data, the total net asset value of Ethereum spot ETFs has reached $17.209 billion, equivalent to approximately 5.17% of Ethereum's current market capitalization. Furthermore, the products have generated a total cumulative net inflow of $12.866 billion.
Market experts note that despite the recent pressure on Ethereum's price, the strong cumulative inflows into ETF products are a positive sign in the medium term. However, the rapid pace of Grayscale outflows continues to exert downward pressure, particularly on short-term price movements. Ethereum ETF inflows are expected to fluctuate in the coming days, reflecting market volatility.
*This is not investment advice.
