Ethereum spot ETFs recorded $207 million in net outflows during the week of March 23 to 27, 2026, with BlackRock’s ETHA fund alone shedding $285 million. The total net figure understates the scale of selling pressure at the largest issuer, as inflows into rival products partially offset ETHA’s losses.
Ethereum ETFs Shed $207M Last Week as Institutional Redemptions Mount
The $207 million weekly net outflow marks the continuation of what has become the longest sustained redemption streak for Ethereum ETFs this year. Funds saw eight consecutive days of outflows heading into the end of March, the most persistent selling pressure since these products began trading.
BlackRock’s ETHA was the single largest contributor at $285 million in net redemptions for the week. Despite the pullback, ETHA’s cumulative historical inflows still stand at $11.63 billion, underscoring its dominance in the Ethereum ETF market.
Grayscale’s Ethereum Mini Trust posted the second-largest outflow at $24.9 million for the week, bringing its historical total net inflows to $1.82 billion.
ETHA Sellers Rotate Into BlackRock’s Staked Ethereum Fund
The gap between ETHA’s $285 million outflow and the $207 million total net figure reveals that approximately $78 million flowed into other Ethereum ETF products. The biggest beneficiary was BlackRock’s own ETHB, a staked Ethereum ETF that recorded $141 million in net inflows for the week.
The rotation was most visible on March 26, when $140.24 million exited ETHA while $96.81 million simultaneously entered ETHB on the same trading day. This pattern suggests a meaningful share of institutional sellers are not abandoning Ethereum exposure entirely but migrating to the staked version to capture yield.
ETHB’s weekly haul represents its largest single-week inflow since inception. The fund has now accumulated $301 million in total historical inflows since launching in 2026.
Combined Ethereum spot ETF assets under management sit at $11.32 billion, representing 4.72% of Ethereum’s total market capitalization. Cumulative net inflows across all products remain positive at $11.52 billion.
ETH Trades 58% Below Its August 2025 Peak Amid Extreme Fear
Ethereum traded at $2,057.17 on March 30, up 2.64% over 24 hours, with a market capitalization of $248.28 billion and daily trading volume of $13.72 billion. The price sits 58.41% below its all-time high of $4,946.05, reached in August 2025.
The Crypto Fear & Greed Index sits at 8 out of 100, deep in “Extreme Fear” territory. That reading aligns with the eight-day ETF outflow streak and ETH’s sustained decline from its 2025 highs.
The outflow trend contrasts with the structural shift visible within BlackRock’s own product lineup. While headline figures show capital leaving Ethereum ETFs, the simultaneous buildup in ETHB suggests that at least some institutional capital is repositioning toward yield-bearing Ethereum products rather than exiting the asset class outright. Whether this rotation accelerates or ETHA redemptions deepen will be the key signal for Ethereum ETF demand heading into April.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.
