Ethereum and Bitcoin ETFs See Major Outflows as BlackRock Funds Lead the Drop

Highlights:

• Ethereum ETFs saw $465.1M outflows, the biggest daily loss since their launch.
• BlackRock and Fidelity funds led withdrawals, despite still holding strong net inflows.
• Bitcoin ETFs saw $333.2M outflows Monday, which marks the third straight day of withdrawals.

U.S. spot Ethereum exchange-traded funds (ETFs) saw $465.1 million in net outflows on Monday. This was the largest single-day pullback since these investment products began trading. The sharp reversal may signal a shift in investor sentiment after a strong July, during which these ETFs attracted a record $5.43 billion in net inflows. This trend also aligned with ETH’s recent price movement, as it fell to $3,380 on Sunday, a 12% drop from Thursday’s high of $3,858. However, by Tuesday, the price had recovered to $3,600, as per CoinGecko.

Ethereum ETFs See Heavy Outflows as BlackRock and Grayscale Lead the Pack

BlackRock’s iShares Ethereum Trust (ETHA) saw the highest outflows on Monday, with almost $375 million withdrawn from the fund. Even with the significant outflow, the fund continues to hold $10.7 billion in assets and has accumulated $9.3 billion in net inflows since its inception. Fidelity’s Ethereum Fund (FETH) saw the day’s second-highest withdrawal, with $55.11 million pulled out. Even with this drop, the fund continues to hold $2.4 billion in assets and has accumulated $2.2 billion in total net inflows to date.

Grayscale’s Ethereum products posted outflows on Monday, with the Ethereum Mini Trust losing $28 million and the Ethereum Trust shedding $6.9 million. The Ethereum Trust (ETHE) currently manages $4.1 billion in assets, following total net outflows of $4.3 billion. In contrast, the Ethereum Mini Trust (ETH) has received $1.1 billion in total inflows and now holds $2.3 billion in assets.

While Ether ETFs faced large outflows, blockchain data shows big players are still buying ETH. On Tuesday, Lookonchain reported that 63,837 ETH worth $236 million was acquired by three wallets. These wallets likely belong to whales or institutions and made the purchases through OTC deals with FalconX and Galaxy Digital. Starting from July 9, Lookonchain spotted 14 fresh wallets gathering a total of 856,554 ETH, with a combined value exceeding $3.1 billion.

Whales/Institutions Keep Buying $ETH!

Another 3 fresh wallets bought 63,837 $ETH($236M) via FalconX and Galaxy Digital OTC today.

Since July 9, a total of 14 fresh wallets have accumulated 856,554 $ETH($3.16B).https://t.co/sOy4Pd7r1Zhttps://t.co/0cjdfOiJnw… pic.twitter.com/b8PImzawCw

— Lookonchain (@lookonchain) August 5, 2025

Bitcoin Funds Bleed for Third Day as Market Dips, BlackRock Leads Outflows

Meanwhile, spot BTC ETFs saw $333.2 million in net outflows on Monday. This was lower than Friday’s outflows, which totaled $812.3 million. Bitcoin experienced a sharp drop over the weekend, briefly hitting $112,300 on Sunday before bouncing back to $115,000 on Monday. In response, BlackRock’s U.S. BTC fund recorded a $292.5 million outflow, the highest in two months. This followed a smaller outflow on Friday, which snapped a 37-day run of continuous inflows. It also marked the fund’s most significant outflow since May.

For the third day in a row, U.S.-based Bitcoin ETFs saw money moving out. Fidelity’s Wise Origin fund reported $40 million in withdrawals, while the Grayscale Bitcoin Trust registered a $10 million loss. Most other ETFs remained flat, with Bitwise being the only one to gain, bringing in $18.7 million.

On August 4, U.S. spot Bitcoin ETFs saw $333M in net outflows, led by BlackRock’s IBIT ($292M out). Ethereum ETFs had $465M in outflows, with BlackRock’s ETHA accounting for $375M. https://t.co/YoUZSIH5ws pic.twitter.com/XgQXVSN8b7

— Wu Blockchain (@WuBlockchain) August 5, 2025