BlackRock leads record $465M spot Ether ETF Monday exodus
After a month of record-breaking inflows, US spot Ether ETFs saw their largest-ever daily outflow of $465 million on Monday, led by BlackRock’s iShares Ethereum Trust.
United States spot Ether exchange-traded funds (ETFs) recorded almost half a billion dollars in daily net outflows on Monday, marking their highest in a single day since launch, according to data from investment firm Farside Investors.
Farside Investors’ data shows that spot Ether (ETH) ETFs had net outflows of $465 million on Monday, their second day of outflows since breaking a 20-day inflow streak on Friday with net outflows of $152 million.
The sharp pullback suggests a potential shift in investor sentiment after a strong performance in July, during which spot Ether ETFs saw a record $5.43 billion in net inflows.