Ethereum spot ETFs posted $75.21 million in net outflows on December 5, with all nine spot funds reporting no inflows. BlackRock’s ETHA was responsible for the entire withdrawal, marking the fourth straight day of net redemptions across Ethereum (ETH) ETFs.
ETH traded around $3,030 on the day, with a 24-hour range of $2,995.50 to $3,146.10, down about 2.7% over 24 hours and roughly 10.3% over the past 30 days.
Looking at flows since December 2, the ETFs showed sustained withdrawals on multiple days — $79.06 million, $9.91 million and $41.57 million on successive days prior to Thursday’s $75.21 million. December 3 stood out as the only inflow day, registering $140.16 million largely driven by Fidelity’s FETH.
BlackRock’s ETHA remains the largest Ethereum ETF, with $13.09 billion in cumulative net inflows. Grayscale’s ETHE has seen -$4.99 billion in net outflows since its conversion from a trust, while Fidelity’s FETH has accumulated $2.62 billion in total inflows.
All Ethereum ETFs had combined net assets of $18.94 billion as of December 5, with cumulative net inflows totaling $12.88 billion. Total trading volume across the funds was $1.77 billion on December 5, a slight increase from $1.75 billion the day before.
By contrast, Bitcoin ETFs attracted $54.79 million in inflows on December 5. Bitcoin funds’ total net assets reached $117.11 billion, with cumulative inflows of $57.62 billion.
On exchanges, ETH balances fell to a record-low 8.84% of total supply, versus Bitcoin exchange balances near 14.8%. Market participants attribute the lower on-exchange ETH supply to factors such as staking, layer-2 activity, restaking, and longer-term custody, which pull coins off exchanges. Observers note that tightening supply amid weak sentiment could become a price catalyst once market positioning shifts.