U.S. Spot Ethereum ETFs See $11.9M Net Outflow as BlackRock Staking Fund Bucks Trend

BitcoinWorld U.S. Spot Ethereum ETFs See $11.9M Net Outflow as BlackRock Staking Fund Bucks Trend U.S. spot Ethereum exchange-traded funds (ETFs) recorded a net outflow of approximately $11.9 million on Aug.

3, reversing two consecutive days of inflows, according to data from Farside Investors. The reversal was driven by notable withdrawals from several major funds, though one newly launched staking product attracted fresh capital.

Daily Flow Breakdown Data compiled by Farside Investors shows that BlackRock’s Ethereum ETF (ETHA) led the outflows with a net redemption of $9 million. Grayscale’s ETHE followed with a $7.8 million outflow, while Bitwise’s ETHW saw $2.5 million leave the fund.

Fidelity’s FETH also experienced a smaller outflow of $900,000. In contrast, BlackRock’s newly launched staking Ethereum ETF (ETHB) recorded an inflow of $5.8 million, making it the only product in the group to see positive flows on the day.