$59 million exits U.S. Ethereum ETFs
U.S. spot Ethereum ETFs logged net outflows of $59.34 million on August 15, marking the end of an eight-day inflow streak that had attracted $3.7 billion.
According to SoSoValue, only BlackRock’s ETHA managed positive flows with $338.09 million in a single day, while Grayscale’s ETHE led withdrawals with $101.74 million. Fidelity’s FETH saw $272.23 million in outflows.
ETH surge fueled earlier inflows
The streak of inflows aligned with Ethereum’s climb to $4,788, just 3% shy of its $4,891 all-time high. Institutional demand during the rally lifted total cumulative net inflows across Ethereum ETFs to $12.67 billion.
BlackRock’s ETHA has amassed $12.16 billion since launch, making it the leading Ethereum ETF. Fidelity’s FETH follows with $2.74 billion, despite its recent pullback.
ETF flows mirror ETH price action
The recent reversal highlights the link between price momentum and ETF flows. The eight-day streak began as ETH broke key resistance, while the latest outflows suggest profit-taking or portfolio rotation.
Ethereum has since cooled from $4,788 to around $4,450, dampening retail sentiment.
Dormant ICO wallet resurfaces
Amid market shifts, Lookonchain tracked an Ethereum ICO participant who transferred 334.7 ETH after over a decade of inactivity. The investor originally contributed $104 during the 2014 ICO and now holds a 14,629x return.
