ETH-ETH Records Largest Daily Outflow of $465M

On Monday, U.S. Ethereum-based exchange-traded funds saw their largest outflows since their launch in July 2024. In a single day, ETH-ETF withdrew $465,1 million.

On Monday, investors withdrew more than $375 million from BlackRock’s ETHA fund. From Fidelity’s FETH, ETHE and Ethereum Grayscale’s Mini Trust also saw funds withdrawn.

It is noteworthy that the outflow of funds from эфириум-funds on Monday followed a period of record weekly inflows in recent weeks, with funds receiving $2,2 million in the second week of July, $1,9 billion in the third week and $154,3 million last week.

While this may indicate short-term profit-taking following ETH’s recent rally, it does not necessarily reflect a decline in institutional demand, especially given the record $5,4 billion in inflows into the sector in July and the accumulation of the leading altcoin by large corporations, said Nick Ruck, director of LVRG Research.

In the last 24 hours эфириум rose 4,1% to trade at $3675 at the time of writing, rebounding from a weekend decline.

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