BlackRock’s Ethereum exchange-traded fund (ETF) experienced a reversal in investor behavior following an initial wave of outflows. Between August 18 and 20, the fund saw roughly $351.3 million withdrawn, driven by significant redemptions on August 20 that reached $257.8 million. This marked the largest single-day withdrawal from the fund. Following this large outflow, there was a total of $87.2 million and another $6.3 million in outflows on August 18 and 19 respectively. However, momentum shifted quickly by midweek. On August 21 and 22, BlackRock’s ETF attracted significant capital inflows of $233.6 million and $109.4 million respectively. This marked a turn around in institutional flow, highlighting the dynamic interplay between these flows and the impact they have on Ethereum’s price.