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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:

  • 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.

ETH-1.29%
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