Ethereum Spot ETF sees over $28 million in outflows last month—Major fund movements accelerate

At the end of last month, on the final day of the year-end trading, there was a series of large capital outflows from Ethereum spot ETFs. According to data from SoSoValue, the total outflow on that day reached $72,058,600, with multiple ETF funds simultaneously recording outflows of around $28 million. Such synchronized capital outflows may indicate a market-wide turning point signal.

Grayscale Mini Trust Records Largest Outflow

The largest outflow at the end of last month was from the Grayscale Ethereum Mini Trust ETF (ETH), which saw $31,983,800 withdrawn in a single day. This amount far exceeds the average outflow pace for the month, suggesting a rapid shift of investor funds. Nevertheless, the total net inflow of the Grayscale Ethereum Mini Trust to date has reached $1.488 billion, indicating that long-term popularity remains intact.

BlackRock ETF Also Underperforming—Over $21.5 Million Outflow

The second major outflow was from BlackRock’s ETF (ETHA), which also recorded an outflow of $21,508,200 at the end of last month. This reflects a cautious attitude among investors toward BlackRock’s Ethereum funds. However, the total net inflow of ETHA over time remains substantial at $12.56 billion, and a single day’s outflow does not seem to threaten long-term popularity.

Overall Spot ETFs Remain Resilient in Asset Size

The situation for Ethereum spot ETFs is complex. Despite the outflows at the end of last month, none of the nine ETFs recorded net inflows on that day, but the total assets under management still stand at $17.94 billion. Additionally, the market capitalization of Ethereum spot ETFs accounts for 5% of the total market capitalization of Ethereum, confirming their significant market position. The total cumulative net inflow to date is $12.32 billion, establishing a solid foundation capable of absorbing short-term outflows exceeding $28 million.