Ethereum Spot ETF Market Experienced Significant Turbulence Last Week, Recording a Net Outflow of $82.47 Million

The Ethereum spot ETF market experienced significant turbulence last week, recording a net outflow of $82.47 million between April 7 and April 11 (Eastern Time), according to data from SoSoValue, shared by ChainCatcher.

Last week saw significant turbulence in the Ethereum spot ETF market, with a reported net outflow of $82.47 million between April 7 and April 11 (Eastern Time), according to SoSoValue’s latest figures, as shared by ChainCatcher.

As major institutions navigate a shifting macroeconomic landscape and heightened market volatility, the recent capital movements provide insights into institutional sentiment.

While the overall trend indicates capital exiting Ethereum ETFs, a closer look reveals that BlackRock’s Ethereum ETF (ETHA) was the only major product to post a net inflow, bringing in $977,000 for the week.

This contributes to ETHA’s historical total net inflow of $4.05 billion, showcasing its leadership in institutional Ethereum exposure.

On the other hand, Fidelity’s Ethereum ETF (FETH) sustained the largest outflow with $45.04 million during the same time frame. Despite the setback, FETH still boasts a historical total net inflow of $1.37 billion.

Following closely was Grayscale’s Ethereum Trust ETF (ETHE), reporting $28.32 million in weekly outflows. ETHE now stands at a cumulative net outflow of $4.23 billion.

The figures highlight a stark shift in investor activity, especially considering ETHE’s recent transition from a trust to a spot ETF structure.

As of the latest snapshot, the total net asset value (NAV) of Ethereum spot ETFs is $5.24 billion, which is 2.76% of Ethereum’s market cap.

The historical cumulative net inflow into Ethereum spot ETFs stands at $2.28 billion.

The recent data from SoSoValue showcases a significant divergence in institutional strategy.

While BlackRock’s ETHA is attracting capital, legacy players like Grayscale and major entrants like Fidelity are seeing substantial capital flight.

With macroeconomic conditions, regulatory uncertainty, and price action continuing to influence fund flows, Ethereum spot ETFs will likely remain a subject of interest in the coming weeks and months.

As the Ethereum ETF landscape evolves, performance disparities between products are expected to intensify, making product selection and issuer trust crucial factors for institutions and retail investors.