Ethereum spot exchange-traded funds recorded a total net outflow of $66.0351 million on June 22, marking the third consecutive day of capital withdrawals, according to SoSoValue data. The outflows were driven primarily by BlackRock's ETHA fund, which saw a single-day net outflow of $66.3812 million, nearly matching the entire ETF category's net figure.
BlackRock's ETHA Leads Outflows, 21Shares Posts Small Inflow
Among the nine Ethereum spot ETFs, only one fund posted a net inflow on the day. The 21Shares ETF TETH attracted $346,100, bringing its historical total net inflow to $17.0024 million. In contrast, BlackRock's ETHA, the largest Ethereum ETF by assets, saw $66.3812 million exit. Since its launch, ETHA's cumulative net inflows still stand at a robust $11.250 billion.
The divergence highlights the uneven demand among Ethereum ETF products, with the largest fund bearing the brunt of recent selling pressure while smaller niche funds continue to see modest inflows.
Aggregate ETF Holdings and Market Share
As of June 22, the total net asset value of all Ethereum spot ETFs stood at $9.436 billion. The ETF net asset ratio — the percentage of Ethereum's total market capitalization held by these funds — was 4.51%. Cumulative historical net inflows across all Ethereum spot ETFs reached $11.110 billion, indicating that despite recent outflows, the funds have attracted significant capital since their inception.
The three-day outflow streak comes amid a broader market downturn, with Bitcoin spot ETFs also recording net outflows of $68.1757 million on the same day, according to separate SoSoValue data. Crypto markets broadly declined, with the NFT sector dropping nearly 4%, while the SocialFi sector showed relative resilience.