Ethereum spot ETFs log $161 million net outflow on Oct. 7, extending streak to seven days
AI Market Summary
Ethereum spot ETFs saw a $161m net outflow on Oct 7, extending the streak to seven straight days of redemptions. The largest withdrawal came from BlackRock's ETHA ($116m), while Grayscale's ETHE also posted sizable outflows. Persistent ETF selling pressure signals weakened near-term institutional demand and can dampen spot-market liquidity conditions, despite still-positive cumulative net inflows across the category.
Impact level
● Medium
Affected assets
ETH/USDT-1.84%
AI Insight · ETH/USDTAI Insight
▼ Bearish
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Ethereum spot ETFs posted a combined net outflow of $161 million on Oct. 7, according to SoSoValue data cited by ChainCatcher. BlackRock's ETHA led the declines with $116 million in single-day redemptions, while its cumulative net inflow stands at $12.92 billion. Grayscale's Ethereum Trust ETF (ETHE) followed with a $25.77 million single-day net outflow, bringing its cumulative net outflow to $5.467 billion.
As of the latest update, total net asset value across Ethereum spot ETFs was $16.402 billion. The ETFs' net asset ratio—market value as a share of Ethereum's total market capitalization—stood at 5.22%, while cumulative net inflows reached $13.389 billion.
