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Ethereum spot ETFs record $75.21M outflow as price stalls near $3,000
Ethereum (ETH) spot exchange-traded funds recorded a net outflow of $75.21 million on December 5, the latest sign of short-term investor caution even as broader supply metrics point to tightening availability. All nine tracked ETH spot funds showed zero inflows that day, extending a multi-day withdrawal trend.
Daily flows and fund drivers
The outflow on Dec. 5 marked the fourth consecutive day of net redemptions for Ethereum spot ETFs. Since December 2 the industry has seen repeated withdrawals — $79.06 million, $9.91 million and $41.57 million on previous sessions — with Dec. 3 the only notable exception, when Fidelity’s FETH drew $140.16 million in inflows.
BlackRock’s ETHA was the primary source of the Dec. 5 outflow, accounting for the entire $75.21 million net withdrawal. ETHA remains the largest spot product by cumulative net inflows at $13.09 billion, while Grayscale’s ETHE has registered approximate net outflows of $4.99 billion since its conversion from a trust. Fidelity’s FETH has accumulated roughly $2.62 billion in total inflows.
Ethereum ETF data
Price action and trading volume
At publication, ETH was trading around $3,030, with a 24-hour range between $2,995.50 and $3,146.10. The token is down roughly 2.7% over the past day and about 10.3% over the past 30 days, reflecting short-term volatility around the $3K level. Total value traded among the listed ETFs reached $1.77 billion on Dec. 5, slightly up from $1.75 billion the previous day.
Exchange balances fall to record lows despite negative sentiment
On-chain metrics show a tightening supply backdrop: ETH held on exchanges dropped to 8.84% of total supply, the lowest level recorded to date. That contrasts with Bitcoin, which currently has about 14.8% of its supply on exchanges — underscoring relatively tighter ETH liquidity. Analysts and market commentators point to increased staking, Layer 2 activity, and long-term custody as reasons why more ETH is being removed from liquid exchange inventories.
As Milk Road noted on X, tokens are increasingly locked up in staking, restaking, Layer 2 ecosystems and long-term custody solutions. While investor sentiment can be negative in the short term, these structural supply shifts may support price resilience if demand returns.
Bitcoin ETFs contrast and AUM context
Bitcoin spot ETFs painted a different picture on Dec. 5, attracting about $54.79 million in inflows. BTC funds collectively hold approximately $117.11 billion in assets under management, with cumulative inflows near $57.62 billion. By comparison, total net assets across Ethereum ETFs were about $18.94 billion on Dec. 5, with cumulative inflows of $12.88 billion.
For traders and institutional investors, the current mix of negative ETF flows and shrinking exchange balances suggests a market caught between short-term profit-taking and longer-term structural demand. Monitoring ETF flows, staking activity, and exchange supply will be critical for anticipating the next move in ETH price.
Source: crypto
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