Ethereum News: U.S. Ethereum Spot ETFs See 10th Consecutive Day of Outflows, Losing $52.8M

Ethereum spot ETFs in the U.S. recorded their 10th straight day of net outflows, reflecting persistent investor uncertainty. The latest daily outflow amounted to $52.8 million, with institutional players like BlackRock, Fidelity, and Grayscale leading the sell-off.Key Data from March 19:Total Net Outflow: $52.8 millionBlackRock’s ETHA: $40.2 million net outflowsFidelity’s FETH: $3.3 million net outflowsGrayscale’s ETH Fund: $9.3 million net outflowsOther Ethereum ETFs: No inflows or outflows recordedWhy Are Ethereum ETFs Seeing Continuous Outflows?Weak Price Performance: Ethereum has struggled to maintain bullish momentum, trading around $1,865, well below key resistance levels.Regulatory Uncertainty: The SEC’s delay on Ether ETF options and ongoing discussions about Ethereum’s classification as a commodity or security have weighed on investor confidence.Shifting Institutional Interest: While BlackRock’s Bitcoin ETF (IBIT) continues to see inflows, Ethereum ETFs are losing capital, possibly due to institutions rotating funds into BTC or other assets.What’s Next?Ethereum's on-chain data and technical indicators suggest further downside risks, with analysts watching $1,600 as a potential support level. If macro conditions improve and the SEC provides regulatory clarity, ETF outflows could stabilize. However, for now, Ethereum faces continued sell pressure from institutional investors.