BlackRock and Grayscale Lead Withdrawals

Ethereum spot exchange-traded funds (ETFs) experienced a significant net outflow of $312 million during the trading week of October 13 to October 17, according to data from SoSoValue. The withdrawals highlight a cooling sentiment among some institutional investors.

The largest outflows were attributed to two major funds. BlackRock’s ETHA ETF saw a weekly net outflow of $245 million, bringing its total historical net inflow to $14.24 billion. Following this trend, Grayscale’s Ethereum Trust ETF (ETHE) recorded a net outflow of $101 million for the week, with its historical net inflow now standing at $4.68 billion.

Fidelity’s FETH Bucks the Trend with Major Inflows

Despite the overall negative movement, Fidelity’s FETH ETF stood out as a notable exception. The fund attracted a weekly net inflow of $94.29 million, demonstrating continued investor confidence. This latest infusion brings FETH’s total historical net inflow to $2.79 billion.

As of the latest data, the total net asset value of all Ethereum spot ETFs is $25.98 billion. These funds now represent 5.58% of Ethereum’s total market capitalization, with a cumulative historical net inflow reaching $14.60 billion since their inception.