Ethereum ETFs See $53M in Outflows as BlackRock, Grayscale, and Fidelity Face Losses

Ethereum exchange-traded funds (ETFs) are experiencing a significant downturn, with outflows totaling $53 million, according to SoSoValue data. This marks the 10th consecutive day of negative flows, signaling declining investor confidence.

BlackRock’s iShares Ethereum Trust ETF (ETHA) took the biggest hit, recording more than $40 million in outflows. Meanwhile, Grayscale Ethereum Mini Trust (ETH) saw $9.33 million in withdrawals, while Fidelity Ethereum Fund (FETH) lost $3.32 million.

The ongoing outflows suggest waning enthusiasm for Ethereum investment products amid broader market uncertainty. Factors such as regulatory concerns, macroeconomic conditions, and shifting investor sentiment may be contributing to the sell-off.

Despite Ethereum’s strong position as the second-largest cryptocurrency, these ETF outflows highlight potential market volatility. Investors remain cautious, closely watching for signs of recovery or continued downward pressure.

With Ethereum ETFs struggling, the coming weeks could determine whether this trend is temporary or indicative of a longer-term shift in market sentiment.