BlackRock’s ETHA Leads $465M Exodus from Spot Ethereum ETFs—What’s Next?
Blood in the crypto-ETF water as institutional players pull the plug.
The great Ethereum cash-out: BlackRock’s ETHA spearheaded a record $465M weekly outflow—the kind of move that makes retail bagholders sweat. Was it profit-taking, panic, or just Wall Street doing its usual hot-money shuffle?
Timing tells all: The bleed-out hit right as ETH flirted with $3,800 resistance. Coincidence? Traders know institutions play chess while retail plays checkers.
Silver lining playbook: ETF flows are fickle, but the blockchain doesn’t lie—DeFi TVL just hit a 90-day high. Maybe the smart money’s rotating, not retreating.
Funny how these 'passive' funds always seem to actively underperform. Maybe that 0.75% management fee buys more marketing than alpha.
Chart showing Ethereum ETFs flow since launch (Source: SoSo Value)
Fidelity’s FETH followed with a $55 million outflow, while Grayscale’s ETHE and Grayscale Ethereum Mini Trust had withdrawals of $6.98 million and $28 million, respectively. Other funds saw no changes during the day.
These outflows follow a period of record-breaking inflows, with more than $5 billion in new capital flowing into these Ethereum spot ETFs throughout July.
Despite the recent substantial capital exit, ETH’s value remains unchanged during the last 24 hours, up by 1.4% to $3,623 as of press time, according to CryptoSlate’s data.
