Which ETH ETFs saw biggest outflows?

TLDR

BlackRocks iShares Ethereum Trust (ETHA) had the largest recent outflow among spot ETH ETFs, roughly $139.1 million in a single session.

1. ETHA led redemptions with about $139.1 million, the bulk of ETH ETF outflows that day. See the note on iShares Ethereum Trust in a market wrap.
2. ETH ETFs collectively saw about $234 million of net outflows that session, pointing to multi?day redemptions. See the session tally in the report above.

Deep Dive

1. ETHA Led Redemptions

The biggest single?fund outflow was BlackRocks iShares Ethereum Trust (ETHA), which saw about $139.1 million of net redemptions in a recent session, accounting for the majority of ETH ETF outflows that day (reported as the iShares Ethereum Trust figure in the market wrap). The outflow size is also consistent with reports that BlackRocks ETH vehicle redeemed about 47,463 ETH that day, implying roughly $139 million at prevailing prices.

What this means: Concentrated outflows in the largest ETH fund can amplify primary?market redemptions and weigh on short?term price responsiveness.

2. Multi?Session Outflows

The same session saw total spot ETH ETF net outflows around $234 million, and coverage over the week described multi?day redemptions, reinforcing that the pressure wasnt just a one?off. A session recap placed the days ETH ETF outflows near $234 million, while follow?up commentary noted persistent, several?session withdrawals in ETH funds.

What this means: When outflows persist across multiple sessions, authorized participants are more likely to redeem shares rather than create them, which can mute bid support during dips.

Conclusion

ETHA was the clear outflow leader in the latest notable session, with about $139 million in redemptions, while the broader ETH ETF complex posted roughly $234 million in net outflows that day. If multi?session redemptions continue, monitor whether creations return and whether outflows remain concentrated in one fund or broaden across issuers.