Despite the recent influx of funds into Ethereum’s spot exchange-traded fund (ETF) offerings, these products are experiencing outflows as the market adjusts to various factors. BlackRock’s iShares Ethereum Trust (ETHA), saw a substantial inflow of $338 million. This contrasts with significant outflows observed across other Ethereum ETFs, suggesting that while institutional interest remains strong, it is not immune to market fluctuations. 45% of total inflows were concentrated within BlackRock’s ETHA ETF. The current trend highlights the dynamic nature of the cryptocurrency market and its response to market correction. While this may initially dampen prices for ETH, institutional investors are confident about Ethereum’s future and are continuing to invest in it.