Ethereum Spot ETFs Record $7.29M Outflow, Extending 9-Day Decline

In Brief:

Ethereum spot ETFs saw a $7.29M net outflow on March 17, marking nine consecutive days of outflows.

Grayscale’s ETHE led withdrawals, bringing its total historical net outflows to $4.18B.

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Ethereum spot ETFs continue to face persistent outflows, with Grayscale Ethereum Trust ETF (ETHE) recording a $7.29M net outflow yesterday. This extends the nine-day streak of withdrawals, highlighting ongoing investor caution.

As of today, the total net asset value of Ethereum spot ETFs stands at $6.77B, making up 2.9% of ETH’s total market capitalization. Despite cumulative net inflows of $2.51B, the market sentiment remains weak, reflecting broader concerns over liquidity and regulatory uncertainty.

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