Ethereum Spot ETFs See Significant Net Outflows, Despite Blackrock’s Record-Breaking Performance

Ethereum spot exchange traded funds (ETFs) are experiencing notable outflows. Data from SoSoValue suggests a $167 million net outflow on September 4th for these funds, according to Foresight News. Notably, the Blackrock ETF, ETHA, recorded its highest single-day net inflow of $149 million, bringing its total net inflow to a significant $13.122 billion. Conversely, the Fidelity ETF, FETH, saw the largest single-day net outflow of $217 million, with its historical total net inflow standing at $2.515 billion. Meanwhile, the total net asset value of Ethereum spot ETFs currently stands at $27.78 billion, showcasing an ETF net asset ratio of 5.34% compared to the overall Ethereum market capitalization. The cumulative historical net inflow stands at a substantial $13.172 billion.