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Ethereum spot ETFs recorded $75.89 million in net outflows on December 19, extending the losing streak to seven consecutive trading days.
- Ethereum ETFs posted $75.89M in outflows, extending the streak to seven days.
- BlackRock’s ETHA accounted for all redemptions while other $ETH ETFs saw zero flows.
- Cumulative $ETH ETF inflows fell to $12.44B as $ETH struggled below $3,000.
BlackRock’s ETHA accounted for all redemptions while the remaining eight Ethereum ETFs posted zero flow activity.
Total net assets under management for Ethereum ($ETH) ETFs fell to $18.21 billion as of December 19. $ETH struggled to reclaim the $3,000 level amid broader crypto market weakness.
Cumulative total net inflow across all funds dropped to $12.44 billion from $13.15 billion on December 10, the last day of positive flows.
BlackRock’s ETHA drives seventh straight day of redemptions
BlackRock’s ETHA posted $75.89 million in outflows 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 outflow streak began December 11 following a brief rally on December 10 when ETFs attracted $57.58 million. December 11 saw $42.37 million in withdrawals, followed by $19.41 million on December 12.
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The bleeding accelerated mid-week with $224.78 million in outflows on December 15 and $224.26 million on December 16.
Redemptions moderated to $22.43 million on December 17 before climbing back to $96.62 million on December 18.
Total value traded fell to $1.71 billion on December 19 from $2.15 billion the previous day. The seven-day outflow period has drained over $685 million from Ethereum ETFs.
BlackRock’s ETHA maintains the largest cumulative inflows at $12.67 billion. Grayscale’s legacy ETHE fund holds -$5.05 billion in net outflows since converting from a trust structure. Fidelity’s FETH has accumulated $2.64 billion in total inflows.
Bitcoin ETFs mirror Ethereum weakness with $158M outflows
Bitcoin ($BTC) ETFs posted $158.25 million in net outflows on December 19, extending crypto’s broad-based redemption pressure.
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 for Bitcoin ETFs stood at $114.87 billion, down from $122.43 billion on December 10. Cumulative total net inflow across Bitcoin funds reached $57.41 billion.
Bitcoin ETFs saw mixed flows throughout the week. December 17 posted the strongest inflows at $457.29 million before reversing to $161.32 million in outflows on December 18.
$ETH has failed multiple attempts to reclaim $3,000 while $BTC struggles to maintain gains above recent support levels.