Ethereum ETFs Face Unexpected Outflows as ETH Prices Cool Down
On August 15,U.S. spot ethereum ETFs saw a surprising outflow of $59.34 million, breaking an eight-day run of inflows that amounted to $3.7 billion.This shift coincides with Ethereum’s price dip from near-all-time highs.
Among the ETFs, BlackRock’s ETHA bucked the trend with a sizable inflow of $338.09 million.However, others like Grayscale’s ETHE suffered a withdrawal of $101.74 million, adn Fidelity’s FETH faced $272.23 million in outflows.
the recent surge had seen Ethereum climb close to its record peak of $4,891, attracting significant institutional interest. Total net inflows into Ethereum ETFs peaked at $12.67 billion during this period.
- BlackRock’s ETHA leads with $12.16 billion in cumulative inflows.
- Fidelity’s FETH remains strong with $2.74 billion, despite setbacks.
- VanEck’s ETHV and Franklin’s EZET showed no movement.
- Smaller ETFs like ETHW, CETH, and QETH had mixed results.
The connection between price movements and ETF flows reflects institutional reactions. The outflows might signal profit-taking or diversification after substantial gains.
Although retail interest wanes as Ethereum cooldowns, Lookonchain reported an intriguing growth: an old ICO participant transferred 334.7 ETH after a decade, turning a $104 investment into a 14,629x return.
