Ethereum Spot ETFs Post $152M Outflow, End 20-Day Inflow
According to SoSoValue data, Ethereum spot ETFs recorded a total net outflow of $152 million on August 1, marking the end of a 20-day continuous inflow streak. Grayscale Ethereum Mini Trust led the outflows with $47.68 million withdrawn, while Bitwise’s ETHW ETF saw $40.30 million exit. Total assets under management stand at $20.108 billion, with ETFs accounting for 4.7% of Ethereum’s market cap. Cumulative net inflows have reached $9.489 billion.
Bearish
The $152 million net outflow breaks a 20-day inflow streak, indicating a shift in institutional demand. Major providers like Grayscale and Bitwise saw significant withdrawals, reflecting profit-taking and cautious sentiment that could exert short-term downward pressure on ETH prices. However, with cumulative inflows near $9.49 billion and Ethereum’s robust fundamentals intact, the long-term outlook remains positive.