Ethereum ETFs Reverse Course with $70.7 Million Outflow Led by BlackRock
Key Facts
In a sharp reversal that ends a period of positive momentum for crypto funds, Ethereum spot ETFs recorded net outflows of $70.7 million. According to reports, this selling pressure was primarily driven by withdrawals from BlackRock's fund, signaling a swift change in institutional appetite for the world's second-largest cryptocurrency. These outflows coincide with a rise in Ethereum transfers to exchanges, suggesting intensified spot selling pressure across the broader market.
This shift follows a brief period where Ethereum outperformed Bitcoin in capital attraction, yet recent data highlights the fragility of that lead amidst market volatility. Per analyst reports, the exit of liquidity from BlackRock's vehicle is particularly significant as it had been a primary driver of recent inflows.
Looking ahead, traders are monitoring fund flow stability as a key gauge for a potential recovery in sentiment. On the macroeconomic front, investors are focused on upcoming global catalysts, including the United Kingdom's Inflation Rate data due on July 22, 2026, and Indonesia's interest rate decision on the same day, both of which could influence risk appetite across digital asset markets.