Ethereum News Today: BlackRock’s Ethereum ETF Resists Redemptions Amid Industry Outflows

BlackRock’s Ethereum ETF defied a broader market slump in early August, recording zero outflows on August 1, while nearly every other Ethereum ETF faced redemptions from investors [1]. This performance highlights the fund’s strong hold on investor confidence amid a week in which the Ethereum price dropped nearly 7% [1].

According to data from Farside, VanEck, Bitwise, and Grayscale experienced the largest outflows for the day, with $47.7 million, $40.3 million, and $37.2 million respectively [1]. Other major players, including 21Shares, Fidelity, Franklin Templeton, ProShares, and Coinbase, also saw redemptions [1]. In contrast, BlackRock’s ETHA ETF retained its position, suggesting a strategic decision to maintain exposure and a long-term belief in Ethereum’s potential [1].

This resilience is part of a broader trend observed in July, where Ethereum ETFs saw net inflows on 30 of 31 trading days, accumulating a total of $5.43 billion [1]. BlackRock’s ETHA was a major contributor, drawing in over $4 billion during the month [1]. The fund had also maintained an impressive 20-day inflow streak prior to the brief pause in early August [1].

Behind the ETF inflow momentum, Ethereum whales have also been increasing their holdings, with 12 new wallets accumulating 808,347 ETH — valued at approximately $2.85 billion — since July 9 [1]. This movement underscores a shift in institutional and high-net-worth capital from Bitcoin to Ethereum, with July’s ETF inflows cited as a key driver of Ethereum’s mid-month price breakout [1].

The contrast between Ethereum and Bitcoin ETF flows is notable. While Ethereum ETFs have been consistently attracting capital, Bitcoin ETFs have seen relatively flat inflows [1]. Analysts suggest that Ethereum’s growing institutional adoption and ongoing market activity make it well-positioned to remain a focal point for investment, even amid short-term price fluctuations [1].

Source:

[1] BlackRock’s Ethereum ETF Defies Market Dip With Zero Outflows (https://coinmarketcap.com/community/articles/688eab242fb07274aea4ea3e/)