FameEX Hot Topics | Massive $465M Pulled from Spot Ethereum ETFs in Monday Selloff

After a month of historic inflows, U.S. spot Ethereum exchange-traded funds (ETFs) saw a dramatic reversal on Monday, registering their largest-ever single-day outflow of $465 million. Leading the decline was BlackRock’s iShares Ethereum Trust (ETHA), which saw the largest capital withdrawal among the ETFs. According to data from Farside Investors, this marked only the second day of net outflows since spot Ethereum ETFs ended a 20-day inflow streak on Friday, which itself recorded a $152 million outflow. The sharp pivot from sustained optimism to significant withdrawals highlights a notable shift in investor sentiment, especially after July’s record $5.43 billion in net inflows into spot Ethereum ETFs.

The sell-off coincided with a sharp decline in Ethereum’s price, which dropped to $3,380 on Sunday—a 12% fall from its recent high of $3,858 on Thursday. Analysts believe this sudden correction may have prompted profit-taking or reduced exposure among short-term holders. Nonetheless, ETHA remains the dominant fund in the category, with $10.7 billion in net assets and a cumulative net inflow of $9.3 billion, according to data from SoSoValue.

The Fidelity Ethereum Fund (FETH) followed with the second-largest outflow on Monday, losing $55.11 million. Despite this, FETH has retained $2.4 billion in assets and accumulated $2.2 billion in net inflows since launch. Grayscale’s products were also affected. The Grayscale Ethereum Mini Trust (ETH) posted a $28 million outflow, while the larger Grayscale Ethereum Trust (ETHE) saw $6.9 million withdrawn. To date, ETHE has seen $4.3 billion in total outflows and holds $4.1 billion in assets. Grayscale’s Mini Trust retains $2.3 billion after previously pulling in $1.1 billion in net inflows.

Despite ETF redemptions, on-chain data shows ongoing accumulation by large entities. Blockchain analytics firm Lookonchain revealed on Tuesday that three whale or institutional wallets acquired 63,837 ETH—worth around $236 million—via over-the-counter transactions with FalconX and Galaxy Digital.

Since July 9, Lookonchain has identified 14 new wallets that have amassed a combined 856,554 ETH, valued at over $3.1 billion, underscoring continued institutional confidence in Ethereum despite short-term ETF volatility.

Disclaimer: The information provided in this section is for reference only and does not represent any investment advice or the official views of FameEX.