Ethereum spot ETFs recorded $75.89 million in net outflows on December 19, extending the losing streak to seven consecutive trading days.
Summary
- Ethereum ETFs recorded $75.89 million in outflows, extending the streak to seven days.
- BlackRock’s ETHA accounted for all redemptions, while other ETH ETFs had no flows.
- Cumulative ETH ETF inflows fell to $12.44 billion as ETH struggled below $3,000.
BlackRock’s ETHA accounted for all redemptions, while the remaining eight Ethereum ETFs recorded zero flow activity.
Total Net Assets Under Management for Ethereum (ETH) ETFs fell to $18.21 billion as of December 19. ETH struggled to regain the $3,000 level amid broader crypto market weakness.
Total cumulative net inflows across all funds fell to $12.44 billion from $13.15 billion on Dec. 10, the last day of positive flows.
BlackRock’s ETHA leads seventh consecutive day of redemptions
BlackRock’s ETHA recorded outflows of $75.89 million on Dec. 19, marking the fund’s seventh consecutive day of net redemptions.
Grayscale’s ETHE, Fidelity’s FETH, Grayscale’s mini ETH, Bitwise’s ETHW, VanEck’s ETHV, Franklin’s EZET, 21Shares’ TETH, and Invesco’s QETH recorded zero flows.
The run of outflows began on December 11 after a brief rally on December 10, when the ETFs attracted $57.58 million. Withdrawals of $42.37 million occurred on December 11, followed by $19.41 million on December 12.
The bleeding accelerated midweek with outflows of $224.78 million on December 15 and $224.26 million on December 16.
Refunds moderated to $22.43 million on December 17 before rising again to $96.62 million on December 18.
The total traded value fell to $1.71 billion on December 19 from $2.15 billion the previous day. The seven-day outflow period has drained more than $685 million from Ethereum ETFs.
BlackRock’s ETHA maintains the largest accumulated inflows with $12.67 billion. Grayscale’s legacy ETHE fund has -$5.05 billion in net outflows since moving from a trust structure. Fidelity’s FETH has accumulated $2.64 billion in total inflows.
Bitcoin ETFs Reflect Ethereum Weakness with Outflows of $158 Million
Bitcoin (btc) ETFs recorded $158.25 million in net outflows on Dec. 19, amplifying widespread redemption pressure on cryptocurrencies.
BlackRock’s IBIT led Bitcoin withdrawals with $173.58 million in outflows, while Fidelity’s FBTC attracted $15.33 million in inflows.
Total net assets of Bitcoin ETFs amounted to $114.87 billion, up from $122.43 billion on December 10. The total cumulative net inflows of Bitcoin funds reached $57.41 billion.
Bitcoin ETFs saw mixed flows throughout the week. December 17 saw the strongest inflows at $457.29 million before reversing to $161.32 million in outflows on December 18.
ETH has failed in multiple attempts to recover $3,000 while BTC struggles to maintain gains above recent support levels.
