Thomas Daniels
U.S. spot Ether ETFs recorded a historic $465 million net outflow on Monday, August 4, 2025, marking their largest single-day redemption since inception, according to Farside Investors. This followed a 20-day streak of inflows, which ended on Friday with a $152 million outflow.
BlackRock’s iShares Ethereum Trust (ETHA) bore the brunt of the redemptions, posting nearly $375 million in outflows. Despite the pullback, ETHA maintains $9.3 billion in cumulative net inflows and $10.7 billion in net assets.
The Fidelity Ethereum Fund (FETH) saw the second-largest outflow, with $55.11 million withdrawn. It currently holds $2.2 billion in cumulative net inflows and $2.4 billion in assets under management. Grayscale’s offerings also recorded redemptions: the Ethereum Mini Trust (ETH) lost $28 million, while the Ethereum Trust (ETHE) saw a $6.9 million outflow. ETHE has now posted $4.3 billion in cumulative net outflows, while the Ethereum Mini Trust maintains $1.1 billion in cumulative inflows and $2.3 billion in net assets.
The scale of the drawdown signals a potential shift in investor sentiment following a bullish July, during which spot Ether ETFs attracted a record $5.43 billion in net inflows.
At the same time, Ether’s price saw significant volatility. It fell to $3,380 on Sunday, down roughly 12% from its Thursday peak of $3,858, before rebounding to $3,629 on Tuesday.
Despite heavy ETF outflows, institutional interest in ETH remains strong. On Tuesday, blockchain analytics firm Lookonchain reported that three wallets, believed to be controlled by institutions or large investors, purchased a combined 63,837 ETH — approximately $236 million — via over-the-counter transactions. Since July 9, Lookonchain has tracked 14 new wallets that have collectively accumulated 856,554 ETH, valued at over $3.1 billion.
