After several weeks of consistent inflows, U.S. spot Ethereum ETFs experienced their largest-ever single-day outflow on Monday, August 4, with a combined $465.1 million exiting the market, according to SoSoValue data.
This sharp reversal follows a period of strong investor enthusiasm. Inflows peaked at $2.2 billion during the second week of July, followed by $1.9 billion the next week, and a modest $154.3 million in the final week of the month—suggesting that momentum had already begun to taper off.
The bulk of Monday’s outflows came from BlackRock’s ETHA, which led the decline with $374.97 million withdrawn.
Other major funds including Fidelity’s FETH (–$55.11M) and Grayscale’s ETHE (–$6.98M), as well as the Grayscale Ethereum Mini Trust (ETH) (–$28M), also posted notable outflows.
Of the top nine ETH ETFs tracked, eight ended the day with net redemptions, while only Invesco’s QETH posted a small +0.12% premium and saw no outflow.
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While the sudden outflows may spook some retail investors, analysts suggest this could be a healthy rotation following profit-taking from July’s strong gains.
Kosta Gushterov
Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.
