On June 3 (US Eastern Time), US spot Ethereum ETFs saw a net outflow as a whole. According to data from SoSoValue, a monitoring platform specializing in digital asset ETFs, the total net outflow across all Ethereum spot ETFs reached $52.936 million (approximately $0.53 billion). The data covers all Ethereum spot ETF products listed on major US exchanges. These funds invest directly in ether, allowing investors to gain exposure through ETF shares. SoSoValue is widely cited as a primary data source in the industry, reflecting actual market fund flows.
BlackRock and Fidelity Account for Nearly All Outflows
At the product level, BlackRock's ETHA was the primary contributor to the outflows. ETHA recorded a single-day net outflow of $51.5817 million, accounting for 97.44% of the total market net outflows. As one of the most heavily weighted products in the market, ETHA's flows significantly impact overall data. As a result, ETHA's historical cumulative net inflow decreased to $11.304 billion. Meanwhile, Fidelity's FETH also experienced a net outflow of $1.3542 million, representing 2.56% of the total. FETH's cumulative net inflow since inception stands at $2.126 billion. Together, these two leading ETFs essentially captured all of the daily net outflows, shaping the overall market dynamics for the day.
From a broader perspective, as of the reporting time, the total net asset value of all Ethereum spot ETFs was $9.959 billion. The ETF net asset ratio—the ratio of total ETF-held ether market cap to the entire Ethereum network market cap—was 4.63%, a metric that fluctuates with ether price and fund creation/redemption activity. Additionally, the cumulative historical net inflow for Ethereum spot ETFs remained at $11.187 billion even after the day's outflow. Although June 3 saw a single-day outflow exceeding $50 million, the data indicates that the market's asset base remains solid, and long-term allocations have not been materially affected by the short-term fluctuation.