Ethereum spot ETFs have posted two straight days of net outflows
US spot Ethereum ETFs recorded $16.35 million in net outflows over Monday and Tuesday, snapping a five-week inflow streak that peaked at $244.94 million in the week ending August 7.
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Five-Week Inflow Run Hits a Speed Bump
US spot Ethereum ($ETH) exchange-traded funds have recorded back-to-back days of net outflows to open the current trading week. The funds shed $14.59 million on Monday and a further $1.76 million on Tuesday, putting the week $16.35 million in the red with several sessions still to report.
The outflows interrupt what had been a strong run of institutional demand. Five consecutive weeks of net inflows preceded this reversal, capped by a weekly total of $244.94 million in the seven days ending August 7. That streak followed an earlier recovery in July, when spot Ethereum ETFs recorded their first positive week after eight straight weeks of net outflows, pulling in $84.42 million for the week ending July 11.
Where the Market Stands
Despite the near-term softness, the broader picture for Ethereum ETFs remains constructive. Total net assets across the US spot product suite stand at $10.48 billion, representing 4.61% of the circulating Ethereum supply. That figure is broadly consistent with the $10.74 billion in total net assets reported as recently as August 7, when BlackRock's ETHA led daily inflows with $38.15 million and Fidelity's FETH contributed a further $11.45 million.
BlackRock's ETHA has emerged as the dominant vehicle in the category. ETHA controls roughly 68% of US spot ETH ETF assets, with its lower fee structure drawing institutional capital away from legacy Grayscale products. Two days of modest outflows are unlikely to alter that structural positioning, but the figures will be watched closely given the size of the inflow run that preceded them.
Flow data for the remainder of the week has yet to be reported. Analysts and investors will be looking to see whether Monday and Tuesday represent a brief pause or the start of a broader reversal in sentiment toward Ethereum's regulated investment wrappers.
Sources:
Phemex: Ethereum ETF Inflows Break 8-Week Outflow Streak
KuCoin: Ethereum Spot ETFs See $49.6M Net Inflow on August 7
CryptoNews: Ethereum ETF Inflows vs Bitcoin ETF Outflows 2026
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Crypto RichRich has been researching cryptocurrency and blockchain technology for eight years and has served as a senior analyst at BSCN since its founding in 2020. He focuses on fundamental analysis of early-stage crypto projects and tokens and has published in-depth research reports on over 200 emerging protocols. Rich also writes about broader technology and scientific trends and maintains active involvement in the crypto community through X/Twitter Spaces, and leading industry events.