Ethereum’s institutional backing just took a hit. U.S. spot ETH ETFs dumped a combined $446 million in recent outflows, signaling potential weakness in institutional demand or profit-taking at higher levels.
Here’s where the money fled:
BlackRock’s ETHA led the exodus with $309.9M out (nearly 70% of total outflow)
Grayscale ETHE dropped $51.8M
Fidelity FETH saw $37.8M leave
Grayscale Mini ETH recorded $32.6M outflow
21Shares TETH down $14.7M
The timing matters: BlackRock’s massive withdrawal—accounting for the lion’s share—suggests either institutions locking in gains or repositioning before market volatility. Whether this is healthy profit-taking or a sign of weakening conviction remains the key question for ETH holders watching these flows.
On-chain data will tell us if retail is stepping in to absorb these institutional exits.
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Ethereum Spot ETFs See Heavy Withdrawals: What's Driving the Sell-Off?
Ethereum’s institutional backing just took a hit. U.S. spot ETH ETFs dumped a combined $446 million in recent outflows, signaling potential weakness in institutional demand or profit-taking at higher levels.
Here’s where the money fled:
The timing matters: BlackRock’s massive withdrawal—accounting for the lion’s share—suggests either institutions locking in gains or repositioning before market volatility. Whether this is healthy profit-taking or a sign of weakening conviction remains the key question for ETH holders watching these flows.
On-chain data will tell us if retail is stepping in to absorb these institutional exits.