Ethereum Spot ETF Faces $21.36 Million Net Outflow Amid BlackRock and Fidelity Withdrawals

According to recent data from Farside Investors, the US Ethereum spot ETF experienced significant net outflows amounting to $21.36 million on March 12th. Notably, major players such as BlackRock and Fidelity contributed to these outflows, with BlackRock’s ETHA reporting a net outflow of $11.56 million and Fidelity’s FETH showing a withdrawal of $9.80 million. The lack of inflows in other Ethereum spot ETFs, which reported zero movement, underscores a growing cautious sentiment among investors in this volatile market segment. These outflows may indicate shifting investment strategies or a pullback from risk assets as market participants reassess their positions amidst evolving regulatory challenges and economic conditions. As Ethereum continues to navigate these headwinds, stakeholders will be keenly watching subsequent flows for potential investment trends.