Ethereum ETFs Extend Outflow Streak as BlackRock ETHA Sells
The post Ethereum ETFs Extend Outflow Streak as BlackRock ETHA Sells appeared on BitcoinEthereumNews.com.
Ethereum spot ETFs recorded $75.89 million in net outflows on December 19, extending the losing streak to seven consecutive trading days. Summary Ethereum ETFs posted $75.89M in outflows, extending the streak to seven days. BlackRock’s ETHA accounted for all redemptions while other ETH ETFs saw zero flows. Cumulative ETH ETF inflows fell to $12.44B as ETH struggled below $3,000. BlackRock’s ETHA accounted for all redemptions while the remaining eight Ethereum ETFs posted zero flow activity. Total net assets under management for Ethereum (ETH) ETFs fell to $18.21 billion as of December 19. ETH struggled to reclaim the $3,000 level amid broader crypto market weakness. Cumulative total net inflow across all funds dropped to $12.44 billion from $13.15 billion on December 10, the last day of positive flows. BlackRock’s ETHA drives seventh straight day of redemptions BlackRock’s ETHA posted $75.89 million in outflows on December 19, marking the fund’s seventh consecutive day of net redemptions. Grayscale’s ETHE, Fidelity’s FETH, Grayscale’s mini ETH trust, Bitwise’s ETHW, VanEck’s ETHV, Franklin’s EZET, 21Shares’ TETH, and Invesco’s QETH all recorded zero flows. The outflow streak began December 11 following a brief rally on December 10 when ETFs attracted $57.58 million. December 11 saw $42.37 million in withdrawals, followed by $19.41 million on December 12. Ethereum ETF data: SoSo Value The bleeding accelerated mid-week with $224.78 million in outflows on December 15 and $224.26 million on December 16. Redemptions moderated to $22.43 million on December 17 before climbing back to $96.62 million on December 18. Total value traded fell to $1.71 billion on December 19 from $2.15 billion the previous day. The seven-day outflow period has drained over $685 million from Ethereum ETFs. BlackRock’s ETHA maintains the largest cumulative inflows at $12.67 billion. Grayscale’s legacy ETHE fund holds -$5.05 billion in net outflows since converting from…
