FameEX Hot Topics | Spot Ethereum ETFs See Record $465M Outflow on Monday

After a month of unprecedented inflows, U.S. spot Ethereum exchange-traded funds (ETFs) experienced their largest single-day outflow to date on Monday, shedding a record $465 million. This downturn was led by BlackRock’s iShares Ethereum Trust (ETHA), marking a sharp contrast to July’s bullish momentum. According to data from Farside Investors, Monday was only the second day of net outflows following a 20-day streak of inflows, which had already ended Friday with $152 million in net redemptions. The reversal in flows signals a notable shift in investor sentiment after spot Ethereum ETFs amassed $5.43 billion in net inflows last month.

The timing of the outflows coincided with Ethereum’s price drop to $3,380 on Sunday—representing a 12% decline from Thursday’s high of $3,858. Market observers suggest that the steep price correction may have prompted investors to lock in profits or reduce exposure. Despite the pullback, ETHA remains the industry leader, still holding $10.7 billion in net assets and a cumulative net inflow of $9.3 billion, based on data from SoSoValue.

Fidelity’s Ethereum Fund (FETH) was the second-largest contributor to Monday’s sell-off, posting $55.11 million in outflows. FETH has so far accumulated $2.2 billion in net inflows and currently manages $2.4 billion in assets. Grayscale’s offerings were also impacted, with its Ethereum Mini Trust (ETH) losing $28 million and its flagship Ethereum Trust (ETHE) shedding $6.9 million. ETHE has now recorded a total outflow of $4.3 billion, with $4.1 billion in remaining assets, while the Mini Trust retains $2.3 billion in assets after seeing $1.1 billion in cumulative inflows.

Despite the ETF outflows, on-chain data paints a more bullish picture of institutional behavior. On Tuesday, Lookonchain reported that three wallets—believed to be institutional or whale-controlled—purchased a total of 63,837 ETH (worth approximately $236 million) via over-the-counter deals with FalconX and Galaxy Digital.

Since July 9, Lookonchain has tracked 14 new wallets that have collectively accumulated 856,554 ETH, valued at over $3.1 billion. This ongoing accumulation suggests sustained institutional interest in Ethereum, even amid short-term volatility in ETF markets.

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