Spot Ethereum ETFs saw their highest daily outflows, raising questions about investor confidence.
- Over $465 million exited Ether ETFs in one day
- BlackRock and Fidelity saw the largest outflows
- Whales and institutions are still buying ETH
Record Outflows in Ether ETFs
On Monday, spot Ether exchange-traded funds (ETFs) saw $465 million in net outflows. This is the largest one-day loss since these ETFs launched. The drop ended a 20-day streak of inflows that brought in billions. This may show that some investors are now more cautious.
Price Drop Triggered Outflows
Ethereum’s price fell to $3,380 on Sunday—down 12% from $3,858 on Thursday. The decline likely triggered investors to sell ETF shares. By Tuesday, the price rose again to $3,629. This price action added to the shift in sentiment.
BlackRock and Fidelity Impacted
BlackRock’s iShares Ethereum Trust (ETHA) had the biggest outflow of the day. It lost $375 million on Monday alone. Still, it has pulled in a total of $9.3 billion in earlier inflows and holds $10.7 billion in assets.
Fidelity’s Ethereum Fund (FETH) saw the second-largest loss, with $55.11 million in outflows. It has total inflows of $2.2 billion and $2.4 billion in assets.
Grayscale’s Funds Also Fell
Grayscale’s Ethereum Mini Trust (ETH) had $28 million in outflows. Grayscale’s Ethereum Trust (ETHE) saw another $6.9 million leave. ETHE has total outflows of $4.3 billion, while the Mini Trust has $1.1 billion in inflows.
Large Investors Keep Buying Ethereum
Even as ETFs lost money, big investors continued buying ETH directly. Lookonchain, a blockchain analytics firm, said three wallets bought 63,837 ETH—worth about $236 million—on Tuesday. These deals happened through FalconX and Galaxy Digital.
Since July 9, 14 wallets have bought more than 856,554 ETH, now valued at over $3.1 billion. This shows ongoing interest from institutions and crypto whales.
Source: cointelegraph.com
