Ethereum Spot ETFs Record $11.3M Outflow After Four-Day Inflow Streak
The U.S. Ethereum spot ETF market reversed its initial momentum on June 20, posting a net outflow of $11.3 million after four consecutive days of inflows. BlackRock’s ETHA fund saw the largest outflow at $19.7 million, while Grayscale’s ETH product recorded a $6.6 million inflow. Smaller issuers contributed a combined $1.8 million in inflows. Although modest compared to Bitcoin ETF flows, this reversal underscores early volatility in the nascent Ethereum spot ETF space. Traders should monitor daily ETF flows, compare them with Bitcoin spot ETFs, and factor in broader market sentiment and profit-taking activity. Short-term fluctuations are expected, but the long-term trajectory remains tied to institutional adoption and market maturity.
Neutral
The $11.3 million outflow, while ending a four-day inflow streak, represents a minor shift relative to Ethereum’s market cap and daily volume. Early ETF products often experience choppy flows as investors rebalance portfolios and take profits. Similar initial volatility was seen when Bitcoin spot ETFs launched, yet sustained adoption followed. Short-term sentiment may dip, prompting cautious trading, but long-term outlook remains neutral to moderately bullish given growing institutional interest and market maturation.