Spot Ethereum (ETH) exchange-traded funds (ETFs) in the United States experienced a total net outflow of $17.94 million on October 23. This shift back to outflows occurred just one day after the funds had recorded a period of net inflows.

The day’s activity was mixed across providers. BlackRock’s iShares Ethereum Trust (ETHA) was the only fund to attract new capital, registering a significant net inflow of $111.66 million. However, this was not enough to offset the withdrawals from other major products.

Fidelity’s fund (FETH) saw the largest single outflow at $49.5 million. Grayscale also faced notable withdrawals, with its ETHE fund losing $33.5 million and its Grayscale Mini ETH fund seeing an outflow of $46.6 million. According to market data, the remaining spot Ethereum ETF products reported no net change in flows for the day.