According to data from SoSoValue, Ethereum spot ETFs experienced a net outflow of $273 million during the trading week from June 22 to June 26 (Eastern Time), continuing a trend that has seen net outflows for seven consecutive weeks, as reported earlier.
BlackRock's ETHA, the largest Ethereum ETF by assets under management, recorded the highest weekly outflow at $236 million. Despite this, its cumulative net inflow since inception remains strong at $11.08 billion, underscoring BlackRock's dominant position in the Ethereum ETF space. Grayscale's Ethereum Mini Trust (ETH) followed with a net outflow of $22.22 million for the week, bringing its historical total net inflow to $1.83 billion.
On the positive side, Bitwise's ETHW was the only ETF to attract new capital, with a modest net inflow of $557,000. Its total historical net inflow stands at $385 million. Other funds in the category saw no net inflows during the week.
As of press time, the combined net asset value of all Ethereum spot ETFs totaled $8.38 billion. The ETF net asset ratio, representing the proportion of ETF holdings relative to Ethereum's total market capitalization, reached 4.42%. This indicates that approximately 4.4% of all ETH in circulation is held through ETF products. The historical cumulative net inflow across all ETFs stands at $10.90 billion, highlighting the significant institutional demand that was built up since launch, even as recent weeks show a reversal of some positions.
The seven-week streak of net outflows is notable, as it suggests that institutional investors may be reducing their exposure or rebalancing portfolios after a strong accumulation phase. However, it is worth noting that total net inflows remain above $10 billion, meaning the outflows are relatively small compared to the aggregate capital that has entered the market.
Data source: SoSoValue Ethereum ETF tracker page.