US Ethereum Spot ETFs See Three-Day Consecutive Outflow... $39.3M Withdrawn

US Ethereum (ETH) spot exchange-traded funds have seen three consecutive days of capital outflows.

According to PathSide Investors as of Thursday (local time), US Ethereum spot ETFs recorded a net outflow of $39.3 million on the 17th. This follows outflows of $142 million on the 15th and $224.1 million on the 16th, continuing the selling pressure. Cumulative net outflows over the past three trading days amount to $405.4 million.

BlackRock's iShares Ethereum Trust (ETHA) saw $42.9 million withdrawn, driving the overall outflow. Meanwhile, Fidelity Ethereum Fund (FETH) and VanEck Ethereum ETF (ETHV) recorded net inflows of $1.8 million each.

No significant capital movements were observed in other Ethereum spot ETFs. On the same day, Bitcoin spot ETFs saw a net inflow of $159.5 million, contrasting with continued outflows in Ethereum ETFs.