ETHEREUM ETF OUTFLOWS HIT $75.21M WHILE ETH PRICE FLATLINES AT $3K
Ethereum spot ETFs experienced significant outflows totaling $75.21 million on December 5, with none of the nine approved funds recording any inflows for the day.
According to the latest data, BlackRock’s ETHA fund alone accounted for the entire outflow, marking its fourth consecutive session of net redemptions. This continued withdrawal trend highlights weakening investor appetite for Ethereum-based products as market sentiment softens.
In the broader market, ETH traded near $3,030, with intraday price swings between $2,995.50 and $3,146.10. The asset has declined 2.7% over the past 24 hours and is down 10.3% over the past 30 days, reflecting ongoing selling pressure and a lack of strong bullish catalysts.
The combination of declining ETF flows and weakening price momentum suggests that institutional demand for Ethereum may be cooling—at least in the short term.
BlackRock Leads Fourth Consecutive Day of Ethereum ETF Outflows
Ethereum ETFs continued to see capital leave the market on December 5, marking the fourth straight day of net outflows. The latest withdrawal totaled $75.21 million, driven entirely by BlackRock’s ETHA, which has been the main source of redemptions throughout the week.
The trend began on December 2, when Ethereum ETFs recorded $79.06 million in outflows, followed by $9.91 million on December 3 and $41.57 million on December 4.
The only positive day so far was December 3, when Fidelity’s FETH generated $140.16 million in inflows, temporarily offsetting the negative momentum.
Despite recent redemptions, BlackRock’s ETHA remains the largest Ethereum ETF, with $13.09 billion in total net inflows.
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Meanwhile, Grayscale’s ETHE continues to see cumulative withdrawals, currently holding -$4.99 billion in net outflows since its transition from a trust to an ETF structure.
Fidelity’s FETH has performed strongly overall, accumulating $2.62 billion in net inflows.
As of December 5, Ethereum ETFs collectively managed $18.94 billion in assets, with total cumulative inflows reaching $12.88 billion across all funds. Trading activity also inched higher, with $1.77 billion in value traded, compared to $1.75 billion the day before.
In contrast to Ethereum’s slowdown, Bitcoin ETFs posted $54.79 million in inflows on December 5. Bitcoin ETF assets under management now stand at $117.11 billion, supported by $57.62 billion in total net inflows.
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Exchange Supply Drops to Record Low Despite Weak Market Sentiment
Ethereum exchange balances have fallen to 8.84% of the total supply, marking the lowest level ever recorded. For comparison, Bitcoin’s exchange balance stands at 14.8%, highlighting that ETH is currently seeing even tighter supply conditions.
According to a post from Milk Road on X, ETH continues to move into areas where selling pressure is limited — such as staking, restaking, Layer-2 activity, data-availability layers, collateral systems, and long-term storage.
The post emphasized that although market sentiment may appear bearish, Ethereum’s supply dynamics remain unaffected by short-term mood shifts.
“ETH supply is tightening in the background while the market decides its next move. When that gap closes, price follows,” Milk Road noted.
