The Ethereum Spot ETF recorded net outflows of $75.89 million on December 19th, extending its losing streak to seven consecutive trading days.
summary
- The Ethereum ETF recorded $75.89 million in outflows, extending its outflow streak to seven days.
- BlackRock's ETHA accounted for all redemptions, while other ETH ETFs had zero flows.
- As ETH struggled below $3,000, cumulative inflows for the ETH ETF decreased to $12.44 billion.
BlackRock’s ETHA accounted for all redemptions, while the remaining eight Ethereum ETFs had zero flow activity.
The total net assets under management of the Ethereum (ETH) ETF decreased to $18.21 billion as of December 19th. ETH struggled to regain the $3,000 level amid widespread weakness in the crypto market.
Cumulative net inflows across all funds decreased to $12.44 billion from $13.15 billion on December 10, the last day of positive inflows.
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BlackRock's ETHA drives redemptions for 7 consecutive days
BlackRock's ETHA recorded outflows of $75.89 million on December 19, marking the fund's seventh consecutive day of net redemptions.
Grayscale’s ETHE, Fidelity’s FETH, Grayscale’s Mini ETH Trust, Bitwise’s ETHW, VanEck’s ETHV, Franklin’s EZET, 21Shares’ TETH, and Invesco’s QETH all recorded zero flows.
The series of outflows began on Dec. 11, following a brief rally on Dec. 10, when the ETF collected $57.58 million. There were withdrawals of $42.37 million on December 11th, followed by $19.41 million on December 12th.
Ethereum ETF Data: SoSo Value
The bleeding accelerated midweek, with $224.78 million outflows on December 15th and $224.26 million on December 16th.
Redemptions decreased to $22.43 million on Dec. 17, but returned to $96.62 million on Dec. 18.
Total trading volume on December 19 was $1.71 billion, down from $2.15 billion the previous day. More than $685 million was lost from Ethereum ETFs over a seven-day period.
BlackRock's ETHA remains the largest inflow with $12.67 billion. Grayscale's Legacy ETHE Fund has had net outflows of -$5.05 billion since converting from its trust structure. Fidelity's total inflows into FETH amounted to $2.64 billion.
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Bitcoin ETF reflects Ethereum weakness with $158 million outflow
The Bitcoin (BTC) ETF recorded net outflows of $158.25 million on December 19, extending widespread redemption pressure for the cryptocurrency.
BlackRock’s IBIT led Bitcoin withdrawals with $173.58 million in outflows, while Fidelity’s FBTC attracted inflows of $15.33 million.
Bitcoin ETFs had total net assets of $114.87 billion, down from $122.43 billion on December 10th. The total net inflows of all Bitcoin funds reached a cumulative total of $57.41 billion.
Bitcoin ETFs have been mixed throughout this week. The strongest inflow of $457.29 million was recorded on December 17, while outflows reversed to $161.32 million on December 18.
ETH has failed in multiple attempts to regain $3,000, and BTC has struggled to sustain gains above recent support levels.
