Spot Ethereum ETFs recorded $75.89 million in net outflows on December 19, marking the seventh consecutive trading day of redemptions as ETH price action remained subdued amid broader weakness in the crypto market.
All of the day’s outflows were attributed to BlackRock’s iShares Ethereum Trust (ETHA), while the remaining eight U.S.-listed Ethereum ETFs reported zero net flows.
As of December 19, total net assets under management (AUM) across Ethereum ETFs declined to $18.21 billion, as ETH continued to struggle below the psychologically important $3,000 level.
Cumulative net inflows across all Ethereum spot ETFs fell to $12.44 billion, down from $13.15 billion on December 10, which marked the most recent day of positive net flows.
BlackRock’s ETHA drives sustained redemptions
BlackRock’s ETHA posted $75.89 million in outflows on December 19, extending its redemption streak to seven straight sessions.
Meanwhile, Grayscale’s ETHE, Fidelity’s FETH, Grayscale’s Mini ETH Trust, Bitwise’s ETHW, VanEck’s ETHV, Franklin Templeton’s EZET, 21Shares’ TETH, and Invesco’s QETH all reported no flow activity for the day.
The current outflow trend began on December 11, shortly after Ethereum ETFs attracted $57.58 million in inflows on December 10. Redemptions totaled $42.37 million on December 11 and $19.41 million on December 12, before accelerating sharply mid-month.
Outflows surged to $224.78 million on December 15 and $224.26 million on December 16, before easing to $22.43 million on December 17. Selling pressure then picked up again with $96.62 million in outflows on December 18.
Over the seven-day period, more than $685 million has exited Ethereum ETFs.
Trading activity has also cooled, with total value traded slipping to $1.71 billion on December 19, down from $2.15 billion the previous day.
Despite the recent weakness, BlackRock’s ETHA continues to lead the sector in cumulative inflows at $12.67 billion. Grayscale’s ETHE, which converted from a trust structure earlier this year, has recorded $5.05 billion in cumulative net outflows, while Fidelity’s FETH has attracted $2.64 billion in total inflows.
Bitcoin ETFs also see renewed outflows
Ethereum ETF weakness was mirrored in the Bitcoin ETF market. On December 19, spot Bitcoin ETFs posted $158.25 million in net outflows, reflecting broad-based risk-off sentiment across digital asset investment products.
BlackRock’s IBIT led the decline with $173.58 million in outflows, partially offset by $15.33 million in inflows into Fidelity’s FBTC.
Total net assets held by Bitcoin ETFs fell to $114.87 billion, down from $122.43 billion on December 10. Cumulative net inflows across all Bitcoin ETFs now stand at $57.41 billion.
Flow activity throughout the week remained volatile. Bitcoin ETFs recorded their strongest inflow day on December 17, attracting $457.29 million, before reversing to $161.32 million in outflows on December 18.
ETH and BTC struggle to regain key technical levels
Price action in the spot market continues to reflect ETF-driven caution. Ethereum has failed multiple attempts to reclaim the $3,000 threshold, while Bitcoin has struggled to hold gains above recent support zones.
Until institutional flows stabilize, both assets may remain range-bound, with short-term direction closely tied to broader risk sentiment and macroeconomic developments.
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