Ethereum spot ETFs recorded $75.21 million in outflows on December 5, with all nine funds showing zero inflows. BlackRock’s ETHA accounted for the entire withdrawal, marking the fourth consecutive day of net redemptions for Ethereum (ETH) ETFs.
ETH was trading around $3,030, with a 24-hour range between $2,995.50 and $3,146.10, down 2.7% over 24 hours and roughly 10.3% over the past 30 days.
Flows since December 2 show sustained outflows: $79.06 million, $9.91 million, and $41.57 million on successive days prior to Thursday’s $75.21 million. December 3 was the lone exception, registering $140.16 million in inflows 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 recorded -$4.99 billion in net outflows since converting from a trust structure, while Fidelity’s FETH has accumulated $2.62 billion in total inflows.
Total net assets under management for Ethereum ETFs stood at $18.94 billion as of December 5, with cumulative total net inflows of $12.88 billion. Total value traded across the funds reached $1.77 billion on December 5, slightly up from $1.75 billion the prior day.
By contrast, Bitcoin ETFs saw $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 declined to 8.84% of total supply — a record low. That compares with Bitcoin exchange balances near 14.8%, suggesting tighter ETH supply conditions as more ETH moves into staking, layer-2 activity, restaking, long-term custody, or other non-exchange locations. Market observers note that supply dynamics are tightening even as sentiment looks weak, which could influence price once market positioning adjusts.
