Spot Ether ETFs See Record $465M Daily Outflow

United States spot Ether exchange-traded funds (ETFs) recorded almost half a billion dollars in daily net outflows on Monday, marking their highest in a single day since launch, according to data from investment firm Farside Investors.
Farside Investors’ data shows that spot Ether (ETH) ETFs had net outflows of $465 million on Monday, their second day of outflows since breaking a 20-day inflow streak on Friday with net outflows of $152 million.
The sharp pullback suggests a potential shift in investor sentiment after a strong performance in July, during which spot Ether ETFs saw a record $5.43 billion in net inflows.
This coincided with ETH dropping to $3,380 on Sunday, down 12% from its Thursday price of $3,858. On Tuesday, the token had recovered, rising to $3,629, according to CoinGecko.
BlackRock takes biggest hit as ETFs cool off
SoSoValue data shows that asset manager BlackRock’s iShares Ethereum Trust (ETHA) took the biggest hit on Monday, seeing nearly $375 million in net outflows. The ETF still has a cumulative net inflow of $9.3 billion and net assets of $10.7 billion.
The Fidelity Ethereum Fund (FETH) had the second-biggest outflow for the day, recording $55.11 million. In total, the ETF has a cumulative net inflow of $2.2 billion and net assets of $2.4 billion.
Grayscale’s ETFs also saw outflows on Monday, with the Grayscale Ethereum Mini Trust (ETH) seeing a net outflow of $28 million and the Grayscale Ethereum Trust (ETHE) seeing $6.9 million.
Grayscale’s ETHE has a total cumulative net outflow of $4.3 billion and net assets of $4.1 billion, while Grayscale’s ETH has a cumulative inflow of $1.1 billion and net assets of $2.3 billion.
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Whales and Institutions continue buying ETH
While Ether ETFs saw heavy outflows, blockchain data suggests institutional demand for ETH remains strong.
On Tuesday, blockchain analytics firm Lookonchain reported that three wallets believed to be owned by whales or institutions acquired a combined 63,837 ETH, worth about $236 million, via over-the-counter deals with FalconX and Galaxy Digital.
Since July 9, Lookonchain has identified 14 new wallets that have collectively accumulated 856,554 ETH, valued at over $3.1 billion.
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