Ethereum ETFs Face Significant Outflows Amid Volatile Market, Bitcoin ETFs Also Impacted

Key Points

1. Ethereum ETFs recorded $465 million in outflows on August 5, with BlackRock’s ETHA losing $375 million and Fidelity’s FETH shedding $55.1 million.

2. Bitcoin ETFs also faced significant outflows, losing $333 million on the same day.

3. Despite the outflows, Ethereum’s price remained resilient, gaining 4% over 24 hours.

4. July was a strong month for Ethereum ETFs, attracting $5.4 billion in inflows, but August began with consecutive days of outflows.

5. ETF flow volatility remains high, with inflows and outflows fluctuating rapidly, reflecting shifting investor strategies.