Ethereum spot ETFs see $69.68M net outflow, third straight day

The concentration of the entire daily outflow in BlackRock's ETHA is the detail that matters: a single issuer's redemption can swing the headline number for the whole category, so three straight days of outflows may reflect one desk's positioning rather than broad-based ETH ETF sentiment. That ETHA's cumulative inflows remain large relative to the category's total net assets suggests the recent withdrawals are a marginal trim, not a reversal. Whether the selling stays concentrated in one fund or spreads across issuers is the open question worth watching.