Ethereum Spot ETFs Suffer $186 Million Outflows As New Year Struggles Persist – Details
13 January 2025 - 5:30AM
NEWSBTC
The Ethereum Spot ETFs experienced another tumultuous trading week
in 2025 resulting in an overall net outflow. At the same time, the
Ethereum market showed similar struggles as the prominent altcoin
declined by 10% over the past seven days. Related Reading: Will
Ethereum Bounce Back? Crypto Analysts Discuss Potential Price
Recovery Ethereum ETFs Net Assets Drop Below $12 Billion Amid
Strong Outflows Following a negative performance in the first week
of 2025, the Ethereum Spot ETFs are struggling to rediscover their
bullish form as another trading week was marred by higher
withdrawals than deposits by investors. According to data from ETF
tracking site SoSoValue, the week began on a positive note as the
Ethereum ETFs rallied to record $128.72 million in net inflows on
January 6. However, this positive momentum was overshadowed by
three consecutive days of cumulative net losses of $314.61 million
leading to a weekly net outflow of $185.89 million. During the
course of this week, Fidelity’s FETH registered the largest net
outflows valued at $276.13 million. This figure was followed by
minimal withdrawals from Grayscale’s ETHE, ETH and Bitwise’s ETHW
estimated to the tune of $16.12 million, $14.60 million and $3.05
million, respectively. BlackRock’s ETHA was the only ETF to see a
net inflow totalling $124.11 million while VanEck’s ETHV, Invesco’s
QETH, 21Shares’ CETH, and Franklin Templeton’s EZET reported no net
flows. Following the Ethereum Spot ETFs underperformance, their
total net assets for has declined by 10.89% to $11.61 Billion,
representing 2.96% of the Ethereum market cap. Meanwhile, the
cumulative total net inflow for these investment funds has now
climbed to $2.45 billion. As expected, Grayscale’s ETHE continues
to lead the market with net assets totaling $4.57 billion, while
BlackRock’s ETHA maintains its dominance with $3.68 billion in net
flows since the launch of these Ethereum ETFs in July. Related
Reading: Crypto Analyst Explains What Could Trigger Ethereum Rally
To $6,000 Ethereum Crashes By 10% Due To General Market Struggles
In other news, data from CoinMarketCap shows the price of Ethereum
declined by 10.06% in the past week in line with wide scale losses
across the crypto market. Notably, this price loss was accompanied
by $1.4 billion in exchange outflows, as many bullish investors
looked to accumulate popular altcoin at lower prices. At press
time, Ethereum trades at $3,287 following a slight gain of 0.58% in
the last 24 hours. During this period, the asset’s trading volume
has plummeted by 55.98% and is now valued at $11.75 billion. In
making any headway, ETH would need to break past the immediate
resistance at $3,350 which may ignite a rally to around $3,700.
Featured image from StormGain, chart from Tradingview
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