Ethereum spot ETF saw significant net outflows yesterday, while Grayscale continues to attract funds.

2025-12-19 05:06:13

【ChainNews】On December 18th, the Ethereum spot ETF market experienced an interesting divergence. Overall, the net outflow for the day reached $96.6166 million, indicating that institutions are indeed offloading at this position.

But there are nuances — Grayscale’s two products performed quite differently. Grayscale Ethereum Mini Trust ETF (ETH) attracted $2.8871 million in inflows yesterday, making it the most popular product in the market with a total net inflow of $1.472 billion, showing that this product indeed has popularity. Meanwhile, Grayscale’s other main product, ETHE, also saw activity, with $2.7388 million in inflows for the day, but its historical performance is much more complex — it has a total net outflow of $5.052 billion, indicating that institutional attitudes toward this product have been fluctuating.

The largest outflow pressure comes from BlackRock’s ETHA, with a net outflow of $102 million for the day. However, this doesn’t mean the product is weak, because ETHA’s total net inflow has reached $12.748 billion, showing it remains a heavyweight product in the market.

Looking at the entire market, the total net asset value of Ethereum spot ETFs is now $17.07 billion, accounting for 5.09% of Ethereum’s total market capitalization. Historically, the entire ETF sector has absorbed $12.52 billion in funds, which is indeed a substantial scale.

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ImpermanentSage

· 2025-12-21 02:03

Gray's two products are really divided—one is attracting funds, and the other is bleeding. Institutions are really testing the waters with this move.

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governance_lurker

· 2025-12-19 05:35

Gray's two products are really like night and day. The over 5 billion in total outflows from ETHE must be quite embarrassing... But seeing ETH's steady inflow of funds, it seems that some people still have confidence.

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SillyWhale

· 2025-12-19 05:21

The gap between these two Gray products is really incredible... one is attracting funds while the other has a net outflow of over 5 billion. The institutions are really playing hard.

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LiquidationAlert

· 2025-12-19 05:16

When did these two Gray products become so separated... one attracts money and the other is rapidly releasing, institutions are really fighting each other left and right.

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GateUser-5854de8b

· 2025-12-19 05:11

Why is there such a big difference between these two grayscale products? ETHE has already raised over 5 billion and is still attracting... Institutions really know how to play.

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