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Ethereum spot ETFs post a seventh straight day of net outflows
Ethereum spot ETFs registered $75.89 million in net outflows on December 19, marking the seventh consecutive trading day of redemptions. The selling pressure coincided with ETH struggling to retake the $3,000 mark amid broad crypto-market weakness and lighter ETF trading volumes.
BlackRock's ETHA leads withdrawals; other funds inactive
All of December 19's redemptions were attributed to BlackRock's ETHA, while the remaining eight Ethereum spot ETFs — including Grayscale’s ETHE, Fidelity’s FETH, Bitwise’s ETHW, VanEck’s ETHV, Franklin’s EZET, 21Shares’ TETH, Invesco’s QETH and Grayscale’s mini ETH vehicle — reported zero net flows. Total assets under management (AUM) across Ethereum ETFs fell to $18.21 billion as of December 19.
Weekly flow trend and cumulative totals
The outflow streak began after a brief inflow day on December 10 when ETFs drew $57.58 million. Withdrawals accelerated midweek: $42.37 million on December 11 and $19.41 million on December 12 gave way to heavier redemptions of $224.78 million on December 15 and $224.26 million on December 16. Redemptions eased to $22.43 million on December 17 before rising again to $96.62 million on December 18.
Over the seven-day stretch, Ethereum ETFs shed more than $685 million. Daily traded value slipped to $1.71 billion on December 19 from $2.15 billion the day before, signaling thinner liquidity amid the outflows. As a result, cumulative inflows across the Ethereum ETF complex fell to $12.44 billion, down from $13.15 billion recorded on December 10.
Fund-level positioning
Despite the recent withdrawals, BlackRock’s ETHA remains the largest accumulator overall, with cumulative inflows of about $12.67 billion. Grayscale’s legacy ETHE fund shows a net outflow position of roughly $5.05 billion since its conversion from a trust structure, while Fidelity’s FETH has amassed approximately $2.64 billion in total inflows.
Broader market context: Bitcoin ETFs and price action
Redemptions were not limited to Ethereum products. Bitcoin ETFs recorded $158.25 million in net outflows on December 19, underscoring cross-market redemption pressure. BlackRock’s IBIT led Bitcoin withdrawals with $173.58 million, while Fidelity’s FBTC attracted about $15.33 million in inflows. Total AUM for Bitcoin ETFs stood near $114.87 billion, down from $122.43 billion on December 10, with cumulative bitcoin ETF inflows at $57.41 billion.
Price implications for ETH and BTC
ETH has repeatedly failed to reclaim the $3,000 threshold, and BTC is also struggling to hold recent support levels. The ETF outflows and reduced trading volumes suggest investor rotation or profit-taking that continues to weigh on price momentum for both major cryptocurrencies.
What this means for investors
For traders and long-term holders, the current pattern underscores the importance of monitoring ETF flows as a barometer of institutional demand. Continued redemptions, especially concentrated in a single fund like ETHA, can increase volatility and pressure short-term price recovery. Market participants should watch inflows/outflows, AUM trends, and on-chain signals to gauge whether this is a temporary pullback or the start of a broader redistribution of capital in crypto spot ETFs.
Source: crypto
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