Ethereum Spot ETF Faces $52.8 Million Net Outflow Amid BlackRock, Fidelity, and Grayscale Withdrawals

On March 19th, COINOTAG reported concerning trends in the U.S. Ethereum spot ETF landscape, as per data released by Farside Investors. Notably, the market experienced a significant net outflow totaling $52.8 million across various funds targeting Ethereum. Among the affected entities, BlackRock’s ETHA recorded the most substantial withdrawal, suffering a net outflow of $40.2 million. Meanwhile, Fidelity’s FETH witnessed a decrease of $3.3 million, and Grayscale’s ETH ETF also showed losses with a net outflow of $9.3 million. The impact of these withdrawals reflects a broader trend, as all other spot ETFs reported a stable net flow of zero, indicating a potential cautious sentiment among investors in the cryptocurrency sector.