Ethereum Spot ETF Capital Flow Overview
According to data from SoSoValue, Ethereum spot ETFs experienced a net outflow of $273 million during the last trading week (June 22–26, EST). The outflow primarily reflects a shift in market sentiment amid broader risk-off positioning across digital asset products.
Divergent Performance Among Major ETF Products
The largest weekly outflow came from BlackRock’s ETHA, which shed $236 million, accounting for over 86% of the total weekly outflow. Despite this, ETHA’s historical cumulative net inflow remains robust at $11.08 billion, making it the largest Ethereum spot ETF by assets under management.
Grayscale’s Ethereum Mini Trust (ETH) recorded a net outflow of $22.22 million, bringing its historical net inflow to $1.83 billion. Notably, Bitwise’s ETHW was the only Ethereum spot ETF to post a net inflow last week, adding $557,000, though the amount is relatively small. ETHW’s cumulative net inflow stands at $385 million.
Total Asset Value and Market Share
As of press time, the total net asset value of all Ethereum spot ETFs amounts to $8.38 billion, with an ETF net asset ratio (ETF market value as a percentage of Ethereum’s total market cap) of 4.42%. Since the launch of Ethereum spot ETFs, cumulative net inflows have reached $10.9 billion, indicating that despite the recent outflow, the long-term trend of institutional accumulation remains intact. Market watchers will continue to monitor shifts in investor appetite and capital allocation strategies.