Ethereum spot ETFs see $28.04 million net outflow on July 16; Bitwise's ETHW stands alone with inflows
AI Market Summary
Ethereum spot ETFs saw a $28.04m net outflow on July 16, signaling softer near-term institutional demand despite small inflows into Bitwise's ETHW. The largest redemption came from Grayscale's Ethereum Mini Trust, highlighting concentration of selling pressure. With total ETH ETF NAV near $10.1b and an ETF market-cap ratio of 4.47%, sustained outflows could weigh on spot flows and liquidity around ETH-linked products.
Impact level
● Medium
Affected assets
ETH/USDT-1.55%
AI Insight · ETH/USDTAI Insight
▼ Bearish
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Ethereum spot ETFs posted a combined net outflow of $28.04 million on July 16 (U.S. Eastern Time), according to SoSoValue data cited by Odaily Planet Daily.
Bitwise's Ethereum ETF (ETHW) was the only product to register a net inflow on the day, adding $2.2772 million and bringing its cumulative historical net inflows to $384 million.
The largest single-day outflow came from Grayscale's Ethereum Mini Trust ETF (ETH), which saw $14.28 million leave the fund. Its total historical net inflows stand at $1.8 billion.
As of publication, Ethereum spot ETFs held $10.099 billion in total net asset value. The category's net asset ratio was 4.47% of Ethereum's total market capitalization, while cumulative net inflows reached $11.042 billion.
