Ethereum ETFs See $197M Outflows, Marking Second-Largest Single-Day Withdrawal

Highlights:

• U.S. Ethereum ETFs saw $196.6 million withdrawn, the second-largest single-day outflow.
• BlackRock’s ETHA and Fidelity’s FETH recorded the highest outflows.
• Ether ETFs are becoming more popular and attracted more inflows than Bitcoin ETFs last week.

U.S.-listed spot Ethereum exchange-traded funds (ETFs) experienced substantial outflows on August 18, as investors pulled $196.6 million in a single day. SoSoValue data indicated this was the second-largest daily redemption since the ETFs’ launch and the fourth notable outflow recorded this month. Monday’s withdrawals ranked as the second-highest, following the $465 million outflow on August 4. Investors withdrew $59 million on Friday, raising the total outflows over two days to $256 million.

Data indicates that the majority of Monday’s ETH ETF outflows came from the two largest issuers. BlackRock’s ETHA led the decline, with roughly 20,000 ETH, valued at $86.9 million, withdrawn from the fund. Fidelity’s FETH followed closely, experiencing redemptions totaling $78.4 million. Other issuers also saw investors withdraw funds. Grayscale’s Ethereum fund saw outflows of $18.7 million, while Franklin Templeton’s EZET decreased by $6.6 million. VanEck’s ETHV recorded $4.8 million in withdrawals, and Bitwise’s ETHW fell by roughly $1 million.

On August 18, Ethereum spot ETFs recorded total net outflows of $197 million, the second-largest in history. Bitcoin spot ETFs saw total net outflows of $122 million, with Bitwise ETF (BITB) being the only one to register net inflows.https://t.co/Tvs2oCSxTg pic.twitter.com/6WJJTVHdji

— Wu Blockchain (@WuBlockchain) August 19, 2025

Ethereum Market Shows Strong Institutional Support

The recent pullback ended last week’s eight-day streak of inflows. During that time, Ethereum climbed to multi-month highs above $4,700 amid renewed institutional buying. That period was one of the strongest weeks for the funds since their launch. It included a record single-day inflow of more than $1 billion. 

Ethereum’s recent rally was brief, and it quickly gave up its gains. ETH is currently trading at $4,282, down 1% in the past 24 hours. Its weekly performance fell 1.5%, but monthly gains are still strong at 14%. The ongoing ETF outflows are likely from investors taking profits after recent price gains. Meanwhile, Bitcoin ETFs have also fallen over the past two days, losing around $136 million.

Despite the recent pullback, the overall market trend remains strongly positive. SoSoValue data shows that total net inflows into US Ethereum ETFs have now surpassed $12 billion. Most of these inflows have occurred in the past two months amid growing institutional adoption. BlackRock has become one of the largest institutional holders of ETH. Official data shows that its iShares Ethereum Trust ETF (ETHA) held approximately 3.6 million ETH, worth $15.8 billion, as of Friday.

 Ethereum ETFs Capture 5% of Total ETH Supply

In recent weeks, spot Ether ETFs have started outperforming Bitcoin ETFs in inflows, highlighting a rising investor preference for ETH over BTC. Hildobby, a data analyst at Dragonfly, stated that as of Monday, 6.4% of Bitcoin’s total supply was held in ETFs. In contrast, Ethereum and Ether ETFs accounted for a slightly lower portion, holding just 5% of the supply.

“If the current growth rate continues, the ETH-ETF will surpass the BTC-ETF in terms of the percentage of total supply contained by September,” the analyst predicted on Monday. The rising accumulation aligns with another trend, as corporate entities now reportedly hold about 2.2% of the ETH supply, valued at more than $10.2 billion.

at current pace, % of ETH in ETFs will exceed BTC's in september

srcs: https://t.co/jW6Of0S51K, https://t.co/0uASMTncJf pic.twitter.com/LzVIceXlha

— hildobby (@hildobby) August 18, 2025