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>>Spot Ethereum ETFs Remain Under Pressure as $94.7 million Drains Out for a Third Consecutive Day

Spot Ethereum ETFs Remain Under Pressure as $94.7 million Drains Out for a Third Consecutive Day

crypthub

1 day ago

Recent Outflows

The U.S. spot Ethereum ETF market recorded a net outflow of $94.73 million on Jan 9, marking the third consecutive day of withdrawals. BlackRock’s iShares Ethereum Trust (ETHA) accounted for $84.69 million, while Grayscale’s Ethereum Trust (ETHE) saw $10.04 million exit. The trend follows similar outflows on the two prior days, highlighting an early test of investor confidence.

Key Drivers

Outflows are linked to Ethereum’s price lagging broader markets, profit‑taking after the ETFs’ launch, and the closing of arbitrage positions from Grayscale’s conversion from a closed‑end trust. Market volatility and higher yields in traditional assets also prompted risk‑off moves. BlackRock’s outflow, lacking a legacy discount, suggests a broader sentiment shift beyond structural factors.

Long‑Term Outlook

Analysts note that short‑term outflows are typical for new ETFs and stress the importance of quarterly and annual flow trends. Compared with Bitcoin ETFs, which stabilized after an initial dip, Ethereum’s more complex utility narrative may extend the price‑discovery phase. The ETF’s success will ultimately depend on Ethereum network development, regulatory clarity, and institutional adoption rather than daily flow numbers.

Spot Ethereum ETFs Remain Under Pressure as $94.7 million Drains Out for a Third Consecutive Day

Recent Outflows

Key Drivers

Long‑Term Outlook

Spot Ethereum ETFs Remain Under Pressure as $94.7 million Drains Out for a Third Consecutive Day