Ethereum ETFs See Worst Weekly Outflows Since January

Over the past week, Ethereum seems to have lost some steam among institutional investors. Data from SosoValue shows that spot Ethereum ETFs in the U.S. recorded a total net outflow of $65.65 million. That marks the highest weekly withdrawal since January. What stands out is that not a single day saw fresh capital flowing in.

Mixed Price Action Amid Weak Demand

Even though the outflows were consistent, Ethereum’s price did show some mixed action during the week. Prices briefly rallied on certain days, but that didn’t translate into ETF demand. This suggests the short-term price bumps were likely driven by market hype or retail sentiment rather than real institutional interest. Institutional investors appear to be cautious, hesitating to lock funds into Ethereum-based products right now.

The heaviest outflow came on Tuesday, May 12, when funds lost $130.62 million in a single day. That was the biggest single-day pullout of the week, and it came as broader market sentiment turned negative. Even the brief price rallies on other days couldn’t spark enough confidence to reverse the trend.

BlackRock Still Leads Despite Weakness

Despite the overall weakness, BlackRock maintained its dominant position in the Ethereum ETF space. Its product, ETHA, consistently recorded the highest outflow on each day of the week. That might sound odd, but it also reflects how BlackRock’s ETF remains the most actively traded and liquid option. No inflows were recorded all week, but BlackRock still positions itself as the key player here.

This week’s data suggests that institutional caution is real. Perhaps the market is waiting for a clearer catalyst or regulatory signal before committing fresh capital. For now, the Ethereum ETF landscape looks quiet, but the infrastructure remains intact. Whether this is a temporary pause or a longer trend remains to be seen.

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