On Monday, Ether-based ETFs in the U.S. experienced record outflows amounting to nearly half a billion dollars, indicating a potential shift in investor sentiment.
Outflow Statistics from ETFs
According to data from investment firm Farside Investors, Ether ETFs had outflows of $465 million on Monday. This followed a break of a 20-day inflow streak when outflows of $152 million were recorded on Friday. The sharp decline suggests a change in investor sentiment after a strong performance in July, during which ETFs saw record inflows of $5.43 billion.
Biggest Losses Among Asset Managers
Data from SoSoValue shows that BlackRock’s iShares Ethereum Trust experienced the largest hit, seeing nearly $375 million in outflows. However, the ETF still has a cumulative net inflow of $10.7 billion. The Fidelity Ethereum Fund recorded the second-largest outflow of $55.11 million. Grayscale also faced outflows, with the Grayscale Ethereum Mini Trust losing $28 million.
Institutional ETH Purchases Continue
Despite significant outflows from Ether ETFs, blockchain data indicates strong institutional interest in ETH. Analytics firm Lookonchain reported that three wallets, believed to belong to whales or institutions, purchased 63,837 ETH worth about $236 million through over-the-counter deals.
The Ether ETF market is facing serious challenges with capital outflows, yet the ongoing interest from institutional investors indicates sustained demand for ETH.
