Ethereum ETFs See $197M Outflows Amid Unstaking Surge
BlackRock’s ETHA led with $87 million in outflows, followed by Fidelity’s FETH with $78 million.
Ethereum News
Spot Ethereum ETFs recorded $197 million in net outflows on Monday, their second-largest daily withdrawal. BlackRock’s ETHA led with $87 million in outflows, followed by Fidelity’s FETH with $78 million.
The withdrawals followed $3.7 billion in inflows across eight trading days. ETH prices fell 6.5% as the validator exit queue reached a record 910,000 ETH worth $3.9 billion.
Despite short-term pressure, Ethereum ETFs still hold $27.7 billion in assets. ETFs now control 5% of total ETH supply, compared to 6.4% for Bitcoin ETFs.
Analysts suggest Ethereum ETFs could surpass Bitcoin ETFs in percentage of total supply by September if trends continue. Validators currently face at least 15 days to complete withdrawals.
