U.S. spot Ethereum exchange-traded funds (ETFs) experienced a substantial net outflow of $152.26 million yesterday, driven by investor profit-taking and shifting market sentiment.
The withdrawals were led by Grayscale’s mini ETH and Bitwise’s ETHW products, which collectively shed nearly $88 million. Grayscale’s mini ETF lost $47.68 million while Bitwise’s fund saw $40.30 million exit.
Other significant outflows included Grayscale’s ETHE product at $37.20 million and Invesco’s QETH with $8.42 million withdrawn. Analysts attribute the movement to investors capitalizing on recent Ethereum price gains amid broader cryptocurrency market caution.
Ethereum’s deep market liquidity and established maturity helped absorb the substantial outflows, preventing severe price turbulence during this rebalancing period.
Market observers recommend investors maintain long-term perspectives, diversify cryptocurrency allocations, and monitor ongoing regulatory and macroeconomic developments.