Ethereum Spot ETFs Report Sustained Outflows as 4663 Mark Tests Market Sentiment

RugResistant · 2026-01-29T03:16:54+00:00

In December, the Ethereum spot ETF market saw significant capital withdrawals, led by BlackRock's ETHA and Grayscale's ETHE. Despite these outflows, longer-term investments in Ethereum ETFs remain resilient, indicating institutional rebalancing rather than fundamental weakness.

RugResistant

2026-01-29 03:16:54

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In late December, amid Ethereum trading around the 4663 level, cryptocurrency market data revealed troubling signs for spot Ethereum ETF products. According to SoSoValue analytics, the Ethereum spot ETF market experienced consecutive daily redemptions, with December 26 (Eastern Time) marking the third straight day of net capital withdrawals from these investment vehicles.

BlackRock’s ETHA Leads the Exodus from Ethereum Spot Products

BlackRock’s Ethereum spot ETF, ticker ETHA, emerged as the primary driver of December’s outflow activity. The product shed $22.122 million in a single day on December 26, representing the largest single-day withdrawal among all Ethereum spot ETF offerings. Despite recent redemption pressures, ETHA maintains a substantial historical net inflow position of $12.602 billion since its inception, underscoring the product’s importance as a major institutional vehicle for Ethereum exposure during earlier market phases.

Grayscale’s ETHE Experiences Historic Redemption Waves

Running a close second in December’s outflow rankings, Grayscale’s Ethereum Trust ETF (ETHE) recorded net outflows of $16.5769 million on the same trading day. The cumulative redemption situation for ETHE appears more pronounced than its peers, with total historical net outflows now totaling $5.099 billion—a significant reversal from its earlier accumulation phase. This substantial negative flow highlights shifting investor dynamics in how institutional players are managing their Ethereum allocations.

Market-Wide Erosion: ETF Net Assets Contract Amid Investor Rotation

The broader Ethereum spot ETF complex faces mounting pressure as collective net outflows accelerate. The total market capitalization of Ethereum spot ETFs has contracted to $17.726 billion, while these products’ share of total Ethereum market capitalization stands at 5.01%. Notably, the sector’s cumulative net inflows since inception remain positive at $12.342 billion, suggesting that while recent redemption trends are noteworthy, the longer-term investor positioning in spot ETF vehicles remains resilient. The three-day outflow streak around the 4663 price level reflects the market’s sensitivity to near-term volatility and institutional rebalancing activity rather than a fundamental erosion of ETF-based Ethereum investment infrastructure.

ETH-11,37%

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