US Ethereum Spot ETF Experiences $59.3 Million Net Outflow Amid Mixed Investor Activity

On August 16th, COINOTAG News reported a significant **net outflow** of $59.3 million from the US **Ethereum spot ETF**, as highlighted by Farside Investors. A breakdown of the funds showcases mixed results among prominent players in the market. Notably, BlackRock’s **ETHA** saw a substantial **inflow** of **$338.1 million**, indicating positive momentum for the firm. In contrast, Fidelity’s **FETH** encountered a hefty withdrawal of **$272.2 million**. Other ETFs, such as Bitwise’s **ETHW**, experienced an outflow of **$15.8 million**, while 21Shares’ **CETH** faced a decline of **$4.4 million**. Furthermore, Grayscale’s **ETHE** reported a significant outflow of **$101.7 million**, paired with a $3.3 million exit from the **Grayscale Ethereum Trust**. This data reflects a cautious sentiment surrounding Ethereum, emphasizing the **volatility** and dynamic nature of the crypto market.