Ethereum ETFs Record a $24 Million Outflow After Weeks of Strong Inflows
On September 8, Ethereum ETFs experienced their first significant outflow in months with a net withdrawal of $24.29 million. This followed two weeks of strong inflows totaling over $1 billion—$824.41 million during the week ending August 28 and an additional $218.40 million the following week, marking their strongest performance on record. The outflow was primarily driven by Grayscale's Ethereum funds (ETHE and ETH), which together lost nearly $34 million that day. Fidelity’s FETH ETF managed to offset some of this with a net inflow of $9.89 million, while BlackRock’s largest Ethereum ETF, ETHA ($8.76 billion AUM), remained flat. The outflow is seen as more of a pause than an outright reversal in the trend. Analysts suggest that sustained withdrawals from major funds like FETH or ETHA combined with further price declines could signal deeper concerns for investors.
Tickers: $BLK $ETHA $ETHE $FETH
Topics: ETFs ethereum inflows/outflows institutional activity