Which ETH ETFs led outflows?

TLDR

BlackRocks iShares Ethereum Trust (ETHA) led recent outflows among U.S. spot ETH ETFs, while Grayscales ETHE remains the largest cumulative net outflow since conversion.

1. ETHA drove the biggest single?day redemptions this week, including about $139.1M on 16 Dec per a market update.
2. On 19 Dec, ETHA accounted for all ETH ETF redemptions while peers recorded zero flows, per a flows recap.
3. Grayscales ETHE shows around -$5.05B cumulative net outflows since conversion, per a weekly summary.

Deep Dive

1. ETHA Led Daily Outflows

Recent outflow streaks were repeatedly driven by BlackRocks ETHA. On 16 Dec, ETH spot ETFs saw roughly $224M in net outflows, with ETHA alone at $139.1M redemptions, a clear lead that day per a market update.

On 19 Dec, the outflow streak extended, and ETHA accounted for the days redemptions while other issuers recorded zero flows, per a flows recap. A separate note also flagged ETHAs large outflow near $102.24M on 18 Dec, per a daily brief.

2. ETHEs Cumulative Outflows

While weekly leadership shifted, Grayscales ETHE continues to show the largest cumulative net outflows post?conversion, cited around -$5.05B, per a longer?window summary. This pattern mirrors prior BTC ETF dynamics where legacy funds saw redemptions while newer products attracted inflows.

3. Other Issuers: Mixed Activity

Fidelitys FETH saw smaller redemptions at times (for example, about $2.94M on 16 Dec), and several days showed zero flows for many funds, per a daily rundown. Headlines also noted multi?day net outflow streaks for the ETH cohort, with industry totals swinging between $96.62M and $224M on specific days, per a daily brief and a market update.

Conclusion

This weeks outflows were led by BlackRocks ETHA on several key days, while Grayscales ETHE remains the largest cumulative net outflow fund. If ETHAs daily flows stabilize or turn positive, pressure on ETH may ease; continued redemptions could keep near?term risk skewed lower.