Which ETH ETFs saw net outflows?

TLDR

Recent net outflows were concentrated in BlackRocks iShares Ethereum Trust (ETHA), with smaller redemptions at Fidelitys FETH; Grayscales ETHE had weekly outflows earlier, while several peers saw zero flows.

1. ETHA led outflows, including $221 million on 16 Dec and $75.89 million on 19 Dec per a market update.
2. FETH posted a $2.94 million net outflow on 16 Dec according to a flows summary.
3. ETHE saw a weekly net outflow of $34.17 million for 812 Dec per a fund flow note.

Deep Dive

1. ETHA Led Redemptions

ETHA has been the primary driver of recent Ether ETF outflows. On 16 Dec, ETHA recorded about $221 million in net redemptions, and on 19 Dec ETHA accounted for all $75.89 million in outflows among ETH ETFs, while other funds saw zero flows per the reports above (flows summary, market update).

2. FETH Had Modest Outflows

Fidelitys Ethereum ETF (FETH) registered a smaller $2.94 million net outflow on 16 Dec, a fraction of ETHAs size on the same day, per the flows summary. Other coverage corroborated heavy Ether ETF outflows that day and highlighted ETHA as the main contributor, with additional context on broader ETF pressure in a market note.

3. ETHE Weekly Outflows And Zero-Flow Peers

Grayscales ETHE recorded $34.17 million in net outflows during 812 Dec, even as ETHA and FETH saw net inflows in that same week per a fund flow note. More recently, several Ether ETFs (ETHE, FETH, Bitwise ETHW, VanEck ETHV, Franklin EZET, 21Shares TETH, Invesco QETH) posted zero flows on 19 Dec as ETHA drove the days outflows per a market update.

Conclusion

Outflows in the past week were primarily led by ETHA, with smaller redemptions at FETH and earlier weekly outflows at ETHE, while several issuers saw zero flows on key days. If ETHAs outflow streak persists and spreads to more funds, it could signal broader softness in Ether ETF demand; if flows stabilize or turn positive, near-term pressure may ease.