Overall Outflow Persists, Core ETFs from BlackRock and Fidelity Buck the Trend
According to SoSoValue data, Ethereum spot ETFs remained under pressure on June 29 (Eastern Time), with a total net outflow of $30.043 million, extending the losing streak to eight consecutive days. Despite the bearish sentiment, products from top issuers showed clear divergence. BlackRock's ETHA ETF posted a net inflow of $5.8693 million, pushing its cumulative net inflow to $11.086 billion. Fidelity's FETH also recorded a net inflow of $5.252 million, bringing its total to $2.113 billion. Together, these two ETFs contributed $11.1213 million in fresh capital.
Staked ETF Product Suffers Heavy Redemptions
In stark contrast, BlackRock's Staked ETH ETF (ETHB) experienced a net outflow of $37.549 million on the same day, nearly wiping out the inflows from the two core ETFs and tipping the overall tally negative. As of now, ETHB's cumulative net inflow still stands at $520 million, but the recent redemption pressure has intensified significantly. Analysts attribute the divergence to the lock-up periods and yield sensitivity of staked ETFs, which tend to see more pronounced capital flight during market volatility or shifts in interest rate expectations.
Total Asset Value and Market Share of Ethereum Spot ETFs
As of press time, the total net asset value of all Ethereum spot ETFs is $8.594 billion, with the ETF net asset ratio (ETF AUM relative to Ethereum's total market cap) reaching 4.4%. Despite the recent persistent outflows, cumulative net inflows remain strong at $10.873 billion, indicating that institutional capital has maintained a net allocation posture over the long term. If the selling pressure does not ease in the near term, total ETF AUM may continue to face headwinds.