Ethereum Spot ETFs See $90.9M Outflows as Fidelity’s FETH Records $115M Withdrawal

Key takeawaysEthereum spot ETFs recorded $90.94 million in net outflows on March 5.BlackRock’s ETHA led inflows with $30.25 million.Fidelity Investments’s FETH saw the largest outflow at $115 million.Total Ethereum ETF assets now stand near $11.99 billion, representing 4.75% of ETH’s market capitalization.Ethereum Spot ETFs Record $90.9M Net OutflowEthereum spot exchange-traded funds posted $90.94 million in net outflows on March 5, according to data from SoSoValue.Despite the overall decline, several ETFs still attracted capital, indicating mixed investor sentiment toward Ethereum investment products.BlackRock’s ETHA Leads InflowsAmong Ethereum ETFs, the largest single-day inflow was recorded by BlackRock’s iShares Ethereum Trust (ETHA).Key inflow figures include:ETHA (BlackRock): $30.25 million inflowHistorical cumulative inflow: $138 millionETH (Grayscale Ethereum Mini Trust): $7.13 million inflowHistorical cumulative inflow: $90.18 millionThese inflows partially offset broader withdrawals across the ETF category.Fidelity’s FETH Sees Largest OutflowThe largest single-day outflow came from Fidelity’s Ethereum ETF (FETH).FETH: $115 million outflowHistorical cumulative net outflow: $150 millionThe withdrawal accounted for the majority of the day’s total net outflows across Ethereum ETF products.Ethereum ETF Market OverviewAs of the latest data:Total net asset value: approximately $11.99 billionETF-to-market cap ratio: 4.75% of Ethereum’s total market valueHistorical cumulative net inflows: $11.71 billionThe ETF market continues to represent a growing share of institutional exposure to Ethereum, even as daily flows fluctuate based on broader market sentiment.Institutional Demand Remains MixedWhile Bitcoin ETFs have recently attracted strong inflows, Ethereum ETF flows remain more volatile.Market participants are closely monitoring ETF activity as a key indicator of institutional demand for Ethereum, particularly as the crypto market rebounds and macroeconomic conditions evolve.