Weekly Capital Flow Overview
Data from SoSoValue shows that Ethereum spot ETFs experienced a net outflow of $273 million during the trading week from June 22 to June 26 (EST). This marks one of the most significant weekly capital withdrawals since the launch of these products, reflecting cautious short-term market sentiment. As of press time, the total net asset value of Ethereum spot ETFs stood at $8.38 billion, with the ETF net asset ratio (market cap relative to total Ethereum market cap) at 4.42%. Despite the outflow, cumulative net inflows remained high at $10.9 billion.
Key ETF Performance Analysis
The largest net outflow last week came from BlackRock's ETHA, which saw a weekly net outflow of $236 million, accounting for over 86% of the total outflows. Despite this short-term pressure, ETHA's historical cumulative net inflow remains substantial at $11.08 billion, underscoring its dominant position among Ethereum spot ETFs.
Second in outflows was Grayscale's Ethereum Mini Trust ETH, with a weekly net outflow of $22.22 million. This ETF's cumulative net inflow to date stands at $1.83 billion. The only product to record a net inflow last week was Bitwise's ETHW, which attracted a modest $557,000, bringing its historical cumulative net inflow to $385 million.
Overall, the Ethereum spot ETF market last week showed a bifurcated capital flow pattern: large products faced significant pressure, while smaller products managed to attract minor inflows. Investors should monitor subsequent fund flow trends and the impact of Ethereum price movements on ETF asset sizes.