Overview of Yesterday's Outflows: Eight Consecutive Days of Net Outflows
Data from SoSoValue shows that on June 29 (EST), Ethereum spot ETFs in the U.S. experienced a total net outflow of $30.043 million. This marks the eighth consecutive trading day of net capital outflows for this asset class, reflecting cautious short-term market sentiment. Despite the overall outflow, certain products still attracted inflows, indicating a divergence in investor preference.
Key ETF Performance: BlackRock's ETHA and Fidelity's FETH Buck the Trend
On the inflow side, BlackRock's Ethereum spot ETF (ETHA) posted the highest single-day net inflow of $5.869 million, bringing its historical cumulative net inflow to an impressive $11.086 billion. Fidelity's FETH followed with a single-day net inflow of $5.252 million, accumulating $2.113 billion historically. These two products were among the few to record net inflows yesterday.
However, BlackRock's staked ETH ETF (ETHB) suffered heavy redemptions, with a single-day net outflow of $37.549 million, dragging down the aggregate data. As of June 29, ETHB's historical cumulative net inflow still stands at $520 million, but the recent outflow pressure has been significant.
Historical Cumulative Data and Market Share
As of press time, the total net asset value of Ethereum spot ETFs is approximately $8.594 billion, representing 4.4% of Ethereum's total market capitalization. Despite the eight consecutive days of outflows, the historical cumulative net inflow since the product's launch remains at $10.873 billion, suggesting that long-term capital deployment has not reversed. Analysts note that the short-term outflows may be related to profit-taking or macroeconomic factors, but the scale remains manageable relative to total assets.