Ethereum Spot ETF Sees Massive Outflows Amid Market Weakness

Ethereum Spot ETFs Face Significant Outflows

Last week saw substantial outflows from Ethereum spot ETFs, totaling $161.15 million. This trend indicates a weakening investor confidence in the short term.

Key Brand Movements

• BlackRock's ETHA faced the largest redemption at over $112 million.
• Fidelity's FETH lost around $40 million across multiple trading days.
• Grayscale's ETHE recorded a net outflow of $24.9 million despite inflows into its mini trust.
• Other products like ETHW and TETH also experienced notable outflows.

Market Overview

Although there were brief inflows during the week, Ethereum ETFs ended the week on a negative note, closing lower overall.